Fri, Dec 01, 2023
Consequently, while it becomes more expensive for financial institutions to lend in these segments, the borrower will also have to bear the brunt of higher interest rates.
Sat, Nov 25, 2023
The auctions, scheduled for December 1, will be facilitated by the Reserve Bank of India (RBI) at its Mumbai Office.
Fri, Nov 24, 2023
SBI Card share price: The brokerage firm InCredit Equities pointed out in its report that while private banks will see an impact of around 5 per cent of the net loans, SBI Card will see a 100 per cent impact.
Wed, Apr 15, 2020
Lockdown 2.0: The new guidelines from the Ministry of Home Affairs (MHA) were issued on Wednesday (April 15) after prime minister Narendra Modi announced the second stage of lockdown in the country.
If you are looking for a safe haven to park your money in these dangerous times, and gold is on your mind, then a great opportunity is coming your way soon. The government will be issuing Sovereign Gold Bonds (SGB) for the first six months of this fiscal (from April to September)
Fri, Apr 03, 2020
Reserve Bank of India (RBI) today reduced market trading hours for bond and currency markets to four hours from April 7. The move comes in the wake of Zee Business Managing Editor Anil Singhvi's relentless campaign to reduce market trading hours to protect investors
Reserve Bank of India (RBI), in a unprecedented move, cut market trading hours for both bonds and foreign exchange to four hours, citing possible operational and logistical risks arising from the nationwide lockdown due to the COVID-19 outbreak
Thu, Apr 02, 2020
The warning has been issued with respect to deferment of equated monthly instalments (EMIs) offered under the RBI's relief package on account of COVID-19.
Wed, Apr 01, 2020
Banks have given home loan, auto loan, education loan and other loan takers a three-month relaxation towards payment of EMIs or Equated Monthly Installments. What are the rules and regulations with regards to it and should the people with an EMI liability defer payments for this month? Expert Harsh Roongta, who is also a certified financial expert has answers to all your questions
State-owned and public sector banks have implemented RBI's EMI moratorium decision for their customers but if you are customers of private banks and non-banking financial companies (NBFCs), you will continue to pay EMIs on term loans unless a specific instruction is issued to them.
HDFC bank has announced EMI and credit card moratorium to its customers, in line with the Reserve Bank of India (RBI) guidelines. Moratorium announced as a relief measure for the customers with low cash flows or individuals whose earnings have taken a hit due to the coronavirus disease pandemic
Tue, Mar 31, 2020
State-run PNB interest rates on loans were cut by 75 bps, passing on the entire Repo rate cut by Reserve Bank of India (RBI) on Friday
Customers who receive EMI payment notice at the beginning of every month can heave a sigh of relief as banks have decided to defer receiving such payments for a period of three month under the terms of a Covid 19- RBI package announced on Friday
An average Indian who had taken a home or an auto loan and a farmer under the stress of a crop loan from banks and NBFCs heaved a sigh of relief when the Reserve Bank of India (RBI) directed the lenders to put a halt on the instalment payments till the end of May.
Mon, Mar 30, 2020
The country is dealing with a major crisis due to the coronavirus outbreak. Amid this, the Reserve Bank of India in a statement said that you can delay your EMI's to the banks for a period of three months. Watch this video to know what exactly the RBI meant by saying this.
Reserve Bank of India (RBI) Governor Shaktikanta Das, in a video message to the Indian citizens, advocated the digital mode of payment as part of social distancing as the coronavirus positive cases in India continued to rise on Sunday.
EMI calculation: If home loan, auto loan, other borrowers don't pay, the amount due will jump from Rs 50,35,000, Rs 50,71,000 to Rs 51,07,000!
Sun, Mar 29, 2020
Don't worry, we have the best advice for you!
It's a good news for you if you have borrowed home loan or car loan from Bank of India.
Fri, Mar 27, 2020
State Bank of India (SBI) today reduced interest rates on loans by a whopping 75 bps, passing on the entire RBI repo rate cut, announced in the morning, to its borrowers availing loans linked to External Benchmark linked lending rate (EBR) as well as Repo Linked Lending rate (RLLR)
Reserve Bank of India (RBI) governor Shaktikanta Das announced several relief measures including a sharp cut in repo rate by 75 basis points to 4.4 percent. In this segment of Apki Khabar Apka Faydawe will tell you how people of India will benefit from this announcement.
Rate cut will not have any big impact immediately because high-interest rate is not an issue today, Axis Bank MD & CEO Amitabh Chaudhry told Zee Business Executive Editor Swati Khandelwal; actual problem is that several borrowers are in trouble as economic activity has stopped in many industries and they need a moratorium and additional working capital, he said
RBI governor Shaktikanta Das announced a slew of measures on Friday morning, including a massive cut in repo rates.
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