What is repo rate? How does it impact your home loan EMIs?
April 5, 2024: The Reserve Bank of India (RBI) on April 5, 2024, left the repo rate unchanged at 6.50%. This is the 7th time in a row the banking regular has maintained a … READ FULL STORY
April 5, 2024: The Reserve Bank of India (RBI) on April 5, 2024, left the repo rate unchanged at 6.50%. This is the 7th time in a row the banking regular has maintained a … 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
September 5, 2019: The RBI has made it mandatory for banks to link all new floating-rate loans for housing, auto and MSMEs to external benchmark like repo rate from October 1, a move aimed … READ FULL STORY