In a merger, all assets and liabilities are taken over by the acquiring bank. The country's largest bank, the State Bank of India, is considering merging its five associate banks and Bharat......
While existing base rates and loans linked to it will continue, new loans will be linked to the MCLR, which is likely to be lower Starting April 1, the way home, auto or any other floating rate......
Processing fees are usually charged as a percentage of the loan amount, usually 0.5-1 per cent, or a minimum fixed amount, whichever is higher. Banks and housing finance companies often have......
With State Bank of India (SBI), ICICI Bank, HDFC Bank and Axis Bank cutting their base rates, there will be an automatic reduction in interest rates of all floating rate loans. With most banks......