FM for lower home loan rates

Statesman News Service
NEW DELHI, March 6: The finance minister, Mister Phosphorus Chidambaram, today acknowledged the demand to take down involvement rates on place loans less than Rs 20 lakh.he, however, left it to the Modesty Depository Financial Institution of Republic Of India and the bankers to take a phone call on it. "It is in the involvement of the public to take down the involvement rates on place loans up to Rs 20 lakh," Mister Chidambaram said in his post-Budget interaction with industry heads, organised by Assocham. Stating that 80 per cent of the borrowers take loans less than Rs 20 lakh, the finance curate said these loans had less hazard weight than loans over Rs 20 lakh. Therefore, he said, bankers had the inducement to impart to these borrowers at less involvement rates. "I made a figure of attempts to affect upon bankers in this regard... It is a changeless attempt that I will have got to make... Bankers will have got got to take a call, run batted in will have to take a call," he added. Capital marketplace
In another development finance curate Mister Chidambaram today informed that the authorities have commissioned a survey with the World Depository Financial Institution for an effectual self-regulation theoretical account for India's working working capital marketplaces while speech production at a conference on the Indian capital markets, organised by the Association of National Exchanges Members of India. Lauding the brokers' community in their attempts to corporatise, Mister Chidambaram said the SROs would be the first degree of regulators, who could assist in better conformity of norms.