Amid the Reserve Bank of India increasing the repo rate, home loans in India have become more expensive in 2023. While nearly all banks have implemented this rate hike in their home loan interest, … READ FULL STORY
NCLT clears Suraksha Realty’s takeover of Jaypee Infratech The National Company Law Tribunal (NCLT) on March 7, 2023, approved Suraksha Group’s bid to buy Jaypee Infratech. The approval by the tribunal comes as … READ FULL STORY
The Reserve Bank of India’s (RBI’s) All-India House Price Index (HPI) showed 4.5% year-on-year increase during the second quarter ended September 2022. The HPI had grown by 3.5% in the April-June quarter of FY23 … READ FULL STORY
If banks were to increase lending rates by another 25 basis points in future, loan EMIs would increase by 200 basis points (2%), says the latest report by Motilal Oswal Financial Services. The analysis … READ FULL STORY
The Reserve Bank of India (RBI) on Monday, October 31, imposed a monetary penalty of Rs 5 lakh on LIC Housing Finance Ltd for non-compliance with certain provisions of National Housing Bank (NHB). The non-banking … READ FULL STORY
The Reserve Bank of India (RBI) data suggests home loan outstanding of banks has doubled in the last five years. Contrary to the general perception that interest rates have a tangible impact on home … READ FULL STORY
Hours after the Reserve Bank of India (RBI) increased the repo rate by 50 basis points on September 30, 2022, several banks in the country, including SBI, ICICI Bank and HDFC, have announced a … READ FULL STORY
The Reserve Bank of India (RBI) on September 30, 2022, increased the repo rate by 50 basis point amid retail inflation rising above its tolerance zone and the India rupee breaching the 80-mark against … READ FULL STORY
LIC Housing Finance (LIC HF) has increased its prime lending rates by 50 basis points, with effect from August 22, 2022. With the hike in rates, the home loan interest rate at the housing … READ FULL STORY
The RBI on May 4, 2022, increased the cash reserve ratio by 50 basis points to 4.5%, a move that is likely to put pressure on interest rates. However, to understand the full repercussion … READ FULL STORY
HDFC hikes rates by 25 basis points Days after the RBI increased the repo rate by 50 basis points to bring it at 5.40%, HDFC has announced a 25-basis-point increase in its retail prime … READ FULL STORY
Owning a home is a dream for every individual. Depending on the financial status, every family decides upon purchasing a house at some stage of their life. Some people happen to purchase a house … READ FULL STORY
IFS code is among the important bank details that one may require, when carrying out financial transactions online. IFSC code refers to the Indian Financial System Code. The Reserve Bank of India (RBI) allocates … READ FULL STORY
