Home Loans To Get Cheaper As RBI Relaxes Norms

To provide a fillip to the housing sector, the Reserve Bank of India (RBI) has relaxed the capital requirement for banks to issue home loans. The RBI has reduced the risk weight on individual housing loans with effect from today. With lower risk weights, a bank has to set aside less capital, thus increasing the lender's ability to lend. According to the RBI's notification, for home loans above Rs 30 lakh and less than Rs 75 lakh, wit...