The latest ‘teaser’ from the Reserve Bank of India hasn’t amused Om Prakash Bhatt, chairman of State Bank of India, the bank that pioneered limited-period soft terms for home loans. “I don’t know what the RBI means by teaser loans,” Bhatt retorted minutes after deputy governor Usha Thorat expressed concerns over ultra-low rates offered by banks to attract home loan takers. It is not right to refer to the 8% home loan scheme as ‘teaser’, Bhatt said.

The latest ‘teaser’ from the Reserve Bank of India hasn’t amused Om Prakash Bhatt, chairman of State Bank of India, the bank that pioneered limited-period soft terms for home loans. “I don’t know what the RBI means by teaser loans,” Bhatt retorted minutes after deputy governor Usha Thorat expressed concerns over ultra-low rates offered by banks to attract home loan takers. It is not right to refer to the 8% home loan scheme as ‘teaser’, Bhatt said.

The latest ‘teaser’ from the Reserve Bank of India hasn’t amused Om Prakash Bhatt, chairman of State Bank of India, the bank that pioneered limited-period soft terms for home loans. “I don’t know what the RBI means by teaser loans,” Bhatt retorted minutes after deputy governor Usha Thorat expressed concerns over ultra-low rates offered by banks to attract home loan takers. It is not right to refer to the 8% home loan scheme as ‘teaser’, Bhatt said.

The latest ‘teaser’ from the Reserve Bank of India hasn’t amused Om Prakash Bhatt, chairman of State Bank of India, the bank that pioneered limited-period soft terms for home loans. “I don’t know what the RBI means by teaser loans,” Bhatt retorted minutes after deputy governor Usha Thorat expressed concerns over ultra-low rates offered by banks to attract home loan takers. It is not right to refer to the 8% home loan scheme as ‘teaser’, Bhatt said.