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Home Loan Rates Likely to Come Down, Says Chanda Kochhar

Reserve Bank Governor Raghuram Rajan on Tuesday cut the benchmark repo rate by 50 basis points to a 4-1/2-year low of 6.75 per cent in a surprise move.
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Home Loan Rates Likely to Come Down, Says Chanda Kochhar
Reserve Bank Governor Raghuram Rajan on Tuesday cut the benchmark repo rate by 50 basis points to a 4-1/2-year low of 6.75 per cent in a surprise move. Here's what the top bankers said about the RBI's policy action:
  • Chanda Kochhar, managing director of ICICI Bank says that expect home loan rates to come down.
  • Large part of the RBI rate cut will be transmitted: ICICI Bank chief.
  • Transmission of rate cut will happen but it will happen with a lag: ICICI Bank chief.
  • Expect marginal cost of funds to come down: HDFC Bank managing director.
  • Car sales are growing in a balanced and robust manner, credit demand should grow: ICICI Bank chief.
  • Base rates will come down soon: ICICI Bank chief.
  • Discom reforms are required, they should be healthy enough to buy power: ICICI Bank chief.
  • Large part of the RBI rate cut will be transmitted: ICICI Bank chief.
  • Government and RBI have expedited procedures for making recovery of loans easier, says Aditya Puri of HDFC Bank.
  • Interest rates will come down, irrespective of which bank does it first: HDFC Bank managing director.


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