The teaser loan scheme of State Bank of India has been a topic of topic for quite some time now and has attracted a lot of controversies. The teaser loan scheme was a great success in the masses but was never appreciated by the Central Bank.
But now, RBI has given a clue that it want to fix this point causing discontent between RBI and SBI permanently. RBI has asked for clarification in the matter of the special home loan scheme from State Bank of India.
A senior SBI official said "We have received communication from RBI seeking clarification on certain issues relating to our special home loan scheme. We will send a reply by this weekend."
The chairman of SBI MR. Pratip Chaudhuri said “We are continuing with the schemes at present. At the same time, we are in dialogue with RBI and will try to address the concerns of the regulator, deliver value to the customer and also make sure the provisioning is affordable.”
