LIC Housing Finance to consider lowering rates on home loans

LIC Housing Finance today hinted at reducing lending rates on home loans following the Reserve Bank of India's (RBI) lowering short-term interest rate by 0.25 per cent in third quarter monetary policy review. "Immediately after this RBI (decision to reduce policy rates), our Assets Liability Management Committee will sit and examine to what extent and to what percentage (of) benefits be passed onto the customers. Whenever RBI ha...