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Bangalore
SBI reduces interest rates on housing loans
Staff Reporter
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It is for a limited period as part of festive season
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BANGALORE:
The State Bank of India (SBI) has reduced interest rates on housing loans for a limited period as part of the festive season.
A senior SBI official told The Hindu on Saturday that the reduced interest rates would be applicable to all categories of housing loans and would be available to customers through all its branches in the State.
He said the interest rates had been reduced by 0.5 per cent.
The SBI, he said, had captured 18 per cent of the housing share in Bangalore and it intended to increase its share. To achieve this, it had geared its branches and also built up an inhouse marketing team to deal with the customers.
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