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RBI hikes the Repo Rate: Home Loan EMIs to Increase 2022-08-05 12:23:50
The Reserve Bank of India (RBI) has increased the repo rate by 50 basis points today and it reached 5.4 percent. The Central Bank of India is also focused on the withdrawal of an accommodative stance for the maintenance of...
Keywords: RBI Repo rate, Repo Rate, Home loans, RBI updates
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Repo rate fluctuating in 2020- the constant rise and drop 2020-12-18 10:28:37
Repo rate is used by monetary authorities to control inflation in the country. Banks use these funds to generate interest rates. RBI tries to balance the rate between what interest the banks can provide borrowers versus how much loan takers...
Keywords: repo rate, repo rate, bank, real estate
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RBI joins in to fight Coronavirus in India; 3 months EMI exempts 2020-03-27 07:15:14
Just a day following the announcement of the INR 1.7 lakh crore relief package by the Finance Minister, Nirmala Sitharaman, the Reserve Bank of India (RBI) stepped in to do their part in fighting this coronavirus pandemic in India. There...
Keywords: relief package, RBI, EMI exempts, relief package
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Home Loans Demand in 2021 Grows by 26 Percent 2021-08-25 09:23:59
The coronavirus pandemic shattered each and every field and all the countries of the globe are impacted. After the second wave of the pandemic, India is now in recovery mode and several businesses are getting back to normal. The economic...
Keywords: Home loans interest rates, Home loans updates, Home loans interest rates, Home loans updates
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How Latest Merge of Major State-Run Banks Will Effect Customers? 2019-08-31 09:21:09
Finance Minister of India Nirmala Sitharaman on Friday announced the merge of 10 Public Sector Banks (PSBs) into 4 to create a robust banking system with global reach. Indian Bank will be merged with Allahabad Bank (anchor bank - Indian...
Keywords: nirmala sitharaman, merger of banks in india latest news, nirmala sitharaman, banks merging chart
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RBI reduces reverse repo rate to 3.75% 2020-04-17 06:25:08
In the press briefing that happened at 10 in the morning, RBI Governor, Shaktikanta Das revealed some of the quintessential measures that RBI is taking in helping people battle this Covid-19 outbreak. Out of them all, the one that stood...
Keywords: coronavirus, covid-19, banks, coronavirus
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Apr 25, Thursday
