There is good news for home loan borrowers! RBI's stance to reduce risk weightage for housing loans up to Rs 20 lakh to 50 per cent could lead to softening of rates by as much as 0.5 per cent.
"We would pass on this benefit to the borrowers. It could be in the range of 25-50 basis points" Punjab National Bank Executive Director K Raghuraman told the media.
The bank is yet to work out the quantum that would be passed to the borrowers of this segment, he said.
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