Flushed with liquidity, banks slash home loan rates to decadal low

The rate war also comes on the back of continuous prodding by the monetary authority which has slashed the repo rates by a whopping 200 bps since March 2020 to 4 per cent to help revive the economy ravaged by the pandemic, but still credit demand remains under 6 per cent.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3rDO48Z