Kotak Mahindra Bank announced its decisions to continue with its rate structure starting at 6.65 per cent.
It can be noted that SBI had hiked its rate offering by a steep 0.25 per cent last week after the end of a limited period offer where they were priced at 6.75 per cent.
Before the SBI move, HDFC had hiked the interest rate on its deposit offering as well.
Home loan is a key focus area for Kotak Mahindra Bank because of the product’s ability to establish a deeper connect with customers, portfolio performance from an asset quality perspective over the last two years and also the headroom for growth.
