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The newly introduced slab is for loans up to Rs 28 lakh

For salaried borrowers, home loans up to Rs 28 lakh will come at 9.60%, which is only 0.10% over its revised base rate of 9.50%.

The new lending rate stands at 9.65 per cent for new customers. It has raised the spread on home loans by 10 bps to 30 bps.
India's largest bank, State Bank of India and Bank of Baroda are among those affected by the new norms.
According to RBI data, the Kolkata-based UCO Bank's gross non-performing assets increased to 8.05 per cent at the end of March 2015 from 4.47 per cent.
Axis Bank said the debentures are rated 'AAA' by CRISIL, CARE and ICRA.
According to India Ratings, RBI's front loaded monetary action and accompanying policy changes have a significant positives for fixed income and the rupee.
Home loan customers of the top lender will have to pay up to 0.7 per cent above the base rate, and interest of as much as 10 per cent for their loans.
Mills applied for a soft loan of Rs 2,700 cr and the banks were to disburse this amount by September 30. However, banks have disbursed only Rs 800 cr.
Kotak Mahindra Bank and YES Bank's lending rates will be reduced to 9.5 per cent and 10.25 per cent respectively, which will come into effect from October 5.
Kidwai took over as CEO of HSBC India in 2007 and as Chairman of HSBC India in 2009.
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