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MUMBAI: Your home and auto loan rates are expected to ease after the Reserve Bank of India slashed cash reserve ratio by 25 basis point to 4.50% in its mid quarter review of the monetary policy on Monday. CRR is … Continue reading
Sensex Loses Over 10% in Jan With concerns that rising prices and higher interest costs would hit profits,the stock markets declined for the third consecutive day and the BSE benchmark index looks set to post its biggest monthly loss since … Continue reading
RBI Hikes Policy Rates In Bid To Curb Inflation Mumbai: Planning to take a home loan Be prepared to shell out double digit interest rates soon.Lenders say its only a matter of time before they are forced to pass on … Continue reading
In an indication of continuing differences over the new foreign direct investment policy, the central bank has proposed changes in the provisions relating to private banks that will make it difficult for them to attract foreign investment if they have … Continue reading
The government is preparing a white paper that will bring out all the issues affecting supply and demand in the housing sector, a top official said here. ‘Towns and cities are growing by default rather than by design. There needs … Continue reading
From July 1,the banking sector moved into a new interest rate regime called Base Rate,which is believed to be a huge improvement on the earlier BPLR system.Prabhakar Sinha outlines how it can benefit home loan borrowers Anew interest rate regime … Continue reading
Home loan borrowers and prospective car buyers can heave a sigh of relief. A quarter percentage point hike in signal rates by the Reserve Bank of India (RBI) on Tuesday is not big enough for banks to immediately jack up … Continue reading