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India overtakes UK as world's sixth largest economy! 2016-12-21 08:02:35
For the first time in over 100 years, India's economy has overtaken the Britain's economy and became the world's sixth largest economy by GDP after the America, China, Japan, Germany, and France. The milestone is a symbol of India's rapid...
Keywords: India overtakes UK, Kiren Rijiju, India economy, India's rapid economic growth
Read MoreRBI kept repo rates unchanged! 2016-12-07 11:50:37
The Reserve Bank of India has announced that the repo rate will remain unchanged at 6.25 percent. The reverse repo rate under the LAF remains unchanged consequently at 5.75 percent, and the marginal standing facility (MSF) rate and the Bank...
Keywords: Urjit Patel, RBI, Urjit Patel, Urjit Patel
Read MoreRepo 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: bank, real estate, real estate, repo rate
Read MoreRBI keeps rates unchanged 2015-08-04 07:15:26
Reserve Bank of India on today kept its policy rates unchanged, while the governor Raghuram Rajan said that the headline inflation is at elevated levels and banks are yet to pass on the full benefits of previous rate cuts. The...
Keywords: RBI, cash reserve ratio, Raghuram Rajan, RBI Governor
Read MoreRBI slashes repo rate by 25 bps, CRR and SLR untouched 2015-06-02 06:08:34
Reserve Bank of India has slashed the crucial rates by 25 basis points, which can make bankers to lend more money at lower interest rates. The move is partially encourages business and money circulation in the market. The new repo...
Keywords: Raghuram Rajan Speech, Repo and Reverse Repo rates, Banker to Banks, Repo and Reverse Repo rates
Read MoreBenefits of buying another house on home loan 2012-04-25 06:11:08
The RBI Governor’s consistent raise in interest rates or Repo rates affected instantly home loan segment. But his recent cut had its equal positive impact too, opening newer venues. The financial analysts claim that taking a second home loan for...
Keywords: EMI, EMI, EMI, Benefits on second house
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