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Home Loan News - Jan 2021
- 2021-01-19 : ank of Maharashtra reported Q3 profit up of ₹154 crore
Bank of Maharashtra reported a net profit of Rs. ₹154 crores in the third quarter ended December 31, 2020, against ₹135 crores in the year-ago quarter. Advances that include home, personal, car, two-wheeler and gold loan along with business and mudra loans increased by 12 per cent year-on-year to ₹1,04,904 crore. Further, deposits which include FD and Rds increased by 14% to ₹1,61,971 crore. The share of the low-cost current account, savings account (CASA) deposits improved to 50.91% of total deposits from 50.51% in the preceding quarter. - 2021-01-18 : HDFC Bank net profit rose by 18%
HDFC Bank net profit grew by 18% over a year ago in the December-ended quarter on the back of improved net interest income. Advances which include home, personal, car, two-wheeler and gold loans along with business and mudra loans during the quarter rose 15.6% year-on-year to Rs 10.82 lakh crore. Deposits which includes FD and RD grew by 19% from last year to Rs 12.7 lakh crore. Further, The CASA ratio for the bank stood at 43%. - 2021-01-18 : Karnataka Bank Q3 net profit rises to ₹135 cr
Karnataka Bank posted a net profit of Rs 135 crore for the December quarter of current financial year with a growth rate of 10%. Further, net interest income rose 21% to ₹614 crore from ₹508 crore in Q3FY20. - 2021-01-15 : HDFC Bank revised its home loan rates
HDFC banks revised its home loan rates. The lowest home loan for customers above the CIBIL score of 750 is 6.80%. - 2021-01-15 : SBI home-loan rates now start at 6.8%
SBI has reduced the interest rate on its home loans up to ₹30 lakh to 6.80% from 6.90%. Further, for home loans above ₹30 lakh, the lowest interest rate is 6.95% from earlier 7%. Further, the bank also plans to offer 100% waiver on loan-processing fees.
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