“In deference to the Reserve Bank of India’s suggestions, the bank has decided to waive penalty on pre-payment of all floating rate housing loans irrespective of the source of funds of the borrowers,” Central Bank of India said in a statement. Central Bank of India has decided to waive pre-payment penalties on floating rate housing loan with immediate effect. With this waiver, there will be no pre-payment penalty on all floating rate home loan of the bank for both new as well as existing borrowers, the Central Bank of India Chairman and Managing Director, Mr M.V. Tanksale, said. »View More
13 Dec
