Following the surprise hike in repo rate in May, home loan rates have already moved up from their all-time lows that have been helping key property markets surpass pre-Covid levels and witness record sales. With hardening interest rates, realtors will now have to provide offers to stimulate and maintain the momentum of demand.
Indian Bank raises deposit rates by 15 basis points
Indian Bank managing director Binod Kumar had said earlier that the bank does not have surplus liquidity as it shed Rs 10,000 crore of bulk