To safeguard their profitability, SBI and Union Bank of India are increasing home loan spreads despite falling policy rates. This reverses the trend of passing rate cuts to new borrowers, as banks grapple with sticky deposit costs. Public sector lenders, previously focused on market share, are now prioritizing sustainable returns, signaling a potential shift in the home loan market. Post navigation ‘Moment of pride’: Shubhanshu Shukla, India’s 2nd astronaut, returns home Uncertainty over US-India trade deal as August talks put off
