A bellwether signal? SBI hikes home loan rates by 25 basis points

State Bank of India and Union Bank of India have increased home loan rates, signaling a potential shift towards higher interest rates in the market, particularly affecting borrowers with lower credit scores. This move comes amid concerns over low-profit margins and increased competition, with private lenders expressing reservations about aggressive pricing strategies employed by public sector banks.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/42QwKst
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