With an aim to offer borrowers with a higher level of transparency and cost effectiveness, the banking system has from time to time introduced various rate-setting methodologies, based on which loan interest rates are … READ FULL STORY
The Coronavirus pandemic has forced banks in India to bring home loan interest rates to a record 15-year low, in a bid to boost consumer sentiments, at a time when the economy has been … READ FULL STORY
Although the Reserve Bank of India (RBI) has effected several reductions in the repo rate (the rate at which banks borrow from the central bank), lending rates have not witnessed a corresponding change. Home … READ FULL STORY
What is Primary Lending Rate regime After the deregulation of interest rates following the liberalisation of the economy, banks used to lend at a rate that was benchmarked against their internal rate, which was … READ FULL STORY
Ahead of the Reserve Bank of India’s (RBI’s) monetary policy this week, the country’s largest bank, State Bank of India (SBI), on April 3, 2017, reduced its benchmark lending rate by 0.15% to 9.10%, … READ FULL STORY
Baner Pashan Link Road is a coveted residential area of Pune which is located at the intersection of Baner and Pashan. The link road starts at the intersection of Balaji Chowk and then extends … READ FULL STORY
