May 6, 2024: Credit outstanding to the housing sector surged by almost Rs 10 lakh crore over the past two fiscal years, reaching a historic high of Rs 27.23 lakh crore in March of … READ FULL STORY
Homebuyers may often hear about how a repo rate cut by the Reserve Bank of India (RBI) is likely to impact home loan interest rates. They may also hear similar things being mentioned when … 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
April 5, 2024: The Reserve Bank of India (RBI) today maintained a status quo on key policy rate amid signs of better growth and moderating inflation. Announcing the first bi-monthly monetary policy of the financial year 2024-25 (FY25) … READ FULL STORY
June 6, 2023:Â The Rs 2,000 notes will be withdrawn from circulation, the Reserve Bank of India (RBI) announced on May 19, giving users time till October 8, 2023, to deposit or exchange these … READ FULL STORY
RBI leaves repo rate unchanged for 6th time in a row February 8, 2024: The Reserve Bank of India (RBI) decided to maintain a status quo on the repo rate for the fifth time in … READ FULL STORY
Home loans are typically of high value, and these are repaid through a long repayment span, better known as long tenure. In most cases, home loan tenure spans between 20 and 30 years. During … READ FULL STORY
October 1, 2023: The last date to exchange or deposit Rs 2,000 banknote has been extended from September 30, 2023, to October 7, 2023, according to a press release by the Reserve Bank of … READ FULL STORY
Bank credit to the real estate sector, including residential and commercial real estate, witnessed nearly 38% annual growth in July 2023, taking the outstanding credit to Rs 28.35 lakh crore, according to the latest … READ FULL STORY
July 28, 2023: Digital payments across India grew by 13.24% year-over-year (YoY) in the financial year 2022-23 (FY23) that ended March 2023, shows the RBI’s Digital Payments Index (DPI). This index by the RBI … READ FULL STORY
July 3,2023: The share of residential housing loans in total advances has increased over the last 11 years to 14.2% in March 2023 from 8.6% in March 2012, according to the latest Financial Stability … READ FULL STORY
What if you feel your concern has not been addressed properly by a bank, housing finance company or a non-banking finance company? Worse still, what if the bank has ignored your complaint? Does a … READ FULL STORY
Amid the Reserve Bank of India increasing the repo rate, home loans in India have become more expensive in 2023. Â While nearly all banks have implemented this rate hike in their home loan interest, … READ FULL STORY
