Thu, Apr 04, 2024
RBI monetary policy repo rate, RBI MPC meeting highlights: RBI Governor Shaktikanta Das announced the MPC's decision, based on a 5:1 vote, to keep the repo rate—or the key interest rate at which the central bank lends short-term funds to commercial banks—unchanged at 6.5 per cent. This is the first MPC meeting of the financial year 2024-25 (FY25).
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Wed, Apr 03, 2024
A floating interest rate refers to an interest rate that changes depending on market conditions. This form of interest rate is based on the base rate supplied by numerous lenders, and once the base rate changes, the interest rate is immediately revised. On the other hand, a fixed interest rate loan has an interest rate that does not change during the loan's duration. This enables the borrower to precisely forecast future payments.
Home loan Prepayment: One of the most tested and effective strategies to reduce your interest on principal is prepayment. It may be in the form of paying one extra EMI every year or paying a 10 per cent higher EMI every year. Know how you can use these tactics to reduce your home loan repayment substantially.
Wed, Feb 01, 2017
Real estate players have welcomed the government's announcement of infrastructure statues to affordable housing in the real estate sector in Budget 2017.
Thu, Jan 05, 2017
After all leading banks lowered their home loan rates, real estate developers are now expecting further rate cuts in order to boost demand for housing.
Mon, Oct 10, 2016
"Of the 175 bps (1.75 per cent) cut that the Reserve Bank (RBI) has done, we as a bank have passed on 95 bps (0.95 per cent). More will get passed on in the near term rather than in the longer term," Bhattacharya said in an interview to CNBC TV18.
Tue, Oct 04, 2016
Moreover, this is only possible if your home loan is at a "floating" rate and not "fixed". Also, RBI meets every two months to decide on interest rates. Therefore, based on economic conditions, your EMIs may increase or decrease every few months.
Wed, Jun 08, 2016
During the monetary policy review meet on June 7, Rajan said, "Transmission of policy into bank lending rates still remains work in progress. We will shortly review the operation of the marginal cost lending rate framework to iron out any issues."
Tue, Jun 07, 2016
According to Reuters last year, reducing rates during the monsoon season, running from mid-June through September, was unusual for the RBI. It had tended to be on the defensive against food price pressures after disappointing rains.
Wed, Mar 23, 2016
If you haven't made adequate investments to save on taxes, here are a few quick tips to help you.
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