The Reserve Bank of India (RBI) on December 7, 2022, increased the repo rate by 35 basis points. The fifth consecutive hike in the apex bank’s benchmark lending rate has brought it to 6.25% … 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
ICICI Bank External Benchmark Lending Rate (I-EBLR) is referenced to RBI policy repo rate with a mark-up over repo rate, ICICI Bank said in a notification. The one-year MCLR now stands at 8.30 per … 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
Improved buyer sentiment has resulted in home loan outstanding of India’s banks doubling in the past five years, RBI (Reserve Bank of India) data show. According to the numbers available with the India’s banking … READ FULL STORY
If the Reserve Bank of India (RBI) continued to increase its benchmark lending rate in future monetary policy announcements, India’s real estate sector would be adversely affected, industry body CREDAI has said. The comment … 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 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
From August 1, 2022, housing loans at private lender HDFC are becoming costlier, with the non-banking finance company announcing a rate hike of 25 basis points. Home loans interest rates at HDFC will now be … READ FULL STORY
Loans are a potent financial instrument that enable people to buy their dream homes, by focusing on their future earning capacity. As the size of home loan are usually very big, borrowers require a … READ FULL STORY
The festive season in 2021 has provided a boost to the realty sector, with reports of a significant surge in demand during the period. One of reasons, has been the reduction in interest rates … READ FULL STORY
The real estate sector is the second-biggest employment generator in India. Going by that data, one can understand the large scale of activities that have been taking place in the sector, across the country … READ FULL STORY
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
