Mumbai, Sep 7: The nation’s largest lender State Bank of India, which had introduced the concept of teaser loans in the country, today made it clear that it will not be joining its rivals in launching a similar product this time around.
“We have no plans as of now to launch any special home loans,” Chairman Pratip Chaudhuri told reporters here.
Reminiscing of the bank’s earlier brush with the Reserve Bank in this regard, he said, “We have been through the teaser loan definition. We respect the regulator’s stance.”
From: http://ping.fm/DhOAC
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