It has been reported by the officers of the bank that State bank of India will not change the rates of the home loan. In the monetary policy review reserve bank of India reduced the borrowing limits for the banks from the overnight facility. The lowering cost mat lead to increase in the funds of the banks.
Bank will maintain the same rates. Cost of funds may rise, but the home loan rates will not change said Mrs. Bhattacharya Managing director of the bank. Some days back Indian Bank revised the rates. SBI has is looking forward for an idea towards the Halida petrochemicals. Mrs. Bhattacharya said that HPL assets will not turn bad.