SBI to move RBI to offer fixed-floating rate home-loans: Chairman Rajnish Kumar
Kumar said there is a lack of clarity on how it can go ahead with the fixed rate products, after the RBI's new regulations on floating rates.
Changes that will directly impact your personal finances starting this month
Starting October 1, there are five key changes that will have a ...
Reserve Bank of India may go for another rate cut on Oct 4: Experts
RBI has already slashed the repo rate four times aggregating to 1.10 perc...
Repo-linked interest rates mandatory: What does RBI's move mean for borrowers
The Reserve Bank of India (RBI) has made it mandatory for banks to link loans to retail customers and MSMEs to external interest rate benchm...
Allahabad Bank launches external benchmark linked loans for retail borrowers
With the introduction of these products, the bank is passing on the benefit of lower interest rate in the range of 5-150 bps from the existing rate of interest under MCLR.
RBI panel suggests long-term repo operations to manage liquidity
The RBI had set up the internal working group to review the current liquidity management framework.
PMC Bank crisis: Should you change your bank? Here's how to evaluate
The PMC Bank crisis has brought safety of bank deposits into focus, but does that fear warrant a bank change?
RBI increases income & loan limits for NBFC-MFI
In the wake of the Andhra Pradesh micro finance crisis in 2010, a Sub-Committee of the Central Board of the Reserve Bank was constituted to study issues in the MFI sector.
From Oct, loans to be linked to external benchmarks. How will this impact borrowers?
Loans linked to external benchmarks are going to be the norm from October 1.
NY Fed chief says repo turmoil raises question on reserves
“We will continue to monitor and analyze developments closely,” Williams said.
IDBI Bank launches repo-linked home, auto loans at interest rates starting from 8.30% per annum
The private sector lender said these loans will be offered to new customers having good credit score and a minimum income of Rs 6 lakh per annum.
The week that was in 10 stocks: IPO mart abuzz; 20 stocks hit all-time highs
The 30-share pack lost 348 points, or 0.85 per cent, to end at 40,445 on December 6.
5 changes that will impact your personal finances from October 1
Starting October 1, all I-T notices, letters or other tax-related correspondence will carry a unique number.
RBI to see full pass through of previous rate cuts before taking any action
The Reserve Bank of India justified its decision to pause its policy rate action by maintaining the repo rate at 5.15 per cent. This was not in line with the market consensus which expected a 25 bps (one bps is 0.01 per cent) reduction of the benchmark policy repo rate by the central bank. Spike in inflation was one of the main reasons for not doing so.
Expect rate cuts to continue once inflation comes down: PK Gupta, SBI
The banks have done most of the transmission and the remaining will happen in the coming months.
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