In further relief to people hit by demonetisation, the Reserve Bank of India (RBI), on December 28, 2016, gave borrowers another 30 days, over and above 60 days, for repayment of housing, car, farm … READ FULL STORY
Taking markets by surprise, the Reserve Bank of India (RBI) governor Urjit Patel, on December 7, 2016, kept short-term lending rates unchanged, even as the central bank lowered GDP growth rate to 7.1% and … READ FULL STORY
In view of the cash crunch being faced by borrowers, the Reserve Bank of India (RBI), on November 21, 2016, provided an additional 60 days, for the repayment of housing, car, farm and other … READ FULL STORY
The country’s largest lender, State Bank of India (SBI), has announced a further reduction in interest rates by 0.15% for its home loans up to Rs 75 lakhs, while ICICI Bank has unveiled an … READ FULL STORY
Private sector lender ICICI Bank announced a cut of 0.10% in its marginal cost of funds based lending rate (MCLR) across tenors. This was followed by a similar move by the country’s largest lender, … READ FULL STORY
The six-member Monetary Policy Committee (MPC), headed by Reserve Bank of India (RBI) Governor Urjit Patel, on October 4, 2016, unanimously voted to reduce the repo rate or the short-term rate at which the … READ FULL STORY
For a lay person, inflation is one of the biggest factors affecting a majority of their purchases. This, despite the fact that inflation doesn’t influence the price of all commodities uniformly. Technically, there is … READ FULL STORY
The Reserve Bank of India (RBI) has directed credit information companies (CICs), to provide one free full credit report, including score, once in a year to individuals whose credit history is available with them. … READ FULL STORY
