Relevant:
- NHB may ease provisioning norm for teaser home loans
- Housing finance: RBI sting
- SBI home loans are cheaper even without teaser rates
- The Plan to Freeze Teaser Rates on Some Subprime Loans has Resistance from the Investors
- Bank Charge-off Rate Highest Since 1992 for Commercial Banks: Credit Cards, Revolving Debt, and the Contraction of Credit.
2010-11-07 — livemint.com
"In its mid-year review of monetary policy, the Reserve Bank of India (RBI) last week raised the provision for standard assets of such loans five fold—from 0.4% to 2%. Higher provisioning will jack up the cost of funds for banks and discourage them from aggressively pushing for teaser loans. According to RBI, such loans impact the quality of assets as chances of defaults by the borrowers are high."
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