ICICI Bank stated that the effective rate offered by the public and private bank was the same as the SBI and claimed it was much faster in serving customers. However, on asked about SBI''s aggressive strategy of pricing home loans low, ICICI Bank said the current economic scenario does not warrant aggression whereas earlier this month, SBI launched a new home loan scheme offering loans at 8% for 1-5 years, depending on the amount, with zero processing fees, as against an average of about 10% charged by others.
Moreover, on whether SBI has a better sales pitch on this front, it said that on quarter on quarter you should look at the actual disbursement and if you compare private sector disbursement to the public sector bank, you would get the picture. Additionally, ICICI said that it would not like to talk about any particular bank and that home loan would be a major focus area for the organization.
Moreover, on whether SBI has a better sales pitch on this front, it said that on quarter on quarter you should look at the actual disbursement and if you compare private sector disbursement to the public sector bank, you would get the picture. Additionally, ICICI said that it would not like to talk about any particular bank and that home loan would be a major focus area for the organization.
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