Bank of Baroda (BoB) will now be charging home loan for the new and existing customers at the Base Rate of 10.25% per annum across all tenures and for any amount. The single rate of interest for all home loan customers is effective from June 01, 2013.
The bank will also be not charging any conversion charge for existing customers to get the benefit of the reduced rate of interest. As at March-end 2013, BoB’s home loans portfolio saw year-on-year growth of 13.5% to Rs 16,045 crore. Home loans accounted for about 7% of domestic advances of Rs 2,24,294 crore.
The bank’s net profit for the quarter ended March 31, 2013 has declined by 32.23% at Rs 1028.85 crore for the quarter as compared to Rs 1518.18 crore for the quarter ended March 31, 2012. However, bank’s total income has increased by 13.82% at Rs 10262.50 crore for the quarter under review as compared to Rs 9016.31 crore for the corresponding quarter of the previous fiscal.
Company Name | CMP |
---|---|
SBI | 820.95 |
Bank Of Baroda | 246.25 |
Canara Bank | 101.10 |
PNB | 101.40 |
Union Bank Of India | 119.20 |
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