While economic indicators were signalling an upward trend in the interest rates up to a few weeks ago, the Reserve Bank of India (RBI) chose to maintain a status quo on key policy rates, … READ FULL STORY
Home loan interest rates are gradually escalating across banks. In the last monetary policy meet, on October 5, 2018, the RBI had maintained a status quo on key rates but indicated that it might … READ FULL STORY
The country’s largest lender, State Bank of India (SBI), is in the international bond market to raise nearly USD 500 million in green bonds, making it the maiden issuance for the lender. The tenor … READ FULL STORY
Banks are witnessing a spurt in asset quality stress in the non-corporate segment and the overall loan loss provisions for lenders, are expected to stay elevated till fiscal year 2019-20, a report said. The … READ FULL STORY
SBI, LIC Housing Finance and Muthoot HomeFin, on September 3, 2018, offered loans at concessional rates, for repairing and renovation of homes, to help people in flood-affected Kerala. State Bank of India (SBI) said … READ FULL STORY
The country’s largest lender, State Bank of India (SBI), has increased its marginal cost of funds-based lending rate (MCLR), by 20 basis points across all tenors up to three years, effective September 1, 2018. … READ FULL STORY
The Reserve Bank of India (RBI) in its third bi-monthly policy of the current fiscal, on August 1, 2018, raised the benchmark repo, or the short-term rate at which it lends to other banks, … READ FULL STORY
State Bank of India (SBI) has announced a massive reduction in its base rate, from 8.95 per cent to 8.65 per cent, effective from January 1, 2018. With other banks expected to follow suit, … READ FULL STORY
The name of the locality originated from the word “Char Khop” which literally means “4 huts”. The locality used to be inhabited by fishermen. Charkop never used to be populated much till the early … READ FULL STORY
Union Urban Development Minister Venkaiah Naidu, on June 22, 2017, exhorted municipal bodies to ‘start looking inward and raise money.’ There is enough money in the system but the local bodies need to tap … READ FULL STORY
Reduction in loan-to-value ratio While lending money against any tangible security, the lender can advance a loan up to a certain percentage of the asset’s value. This is called the loan-to-value (LTV) ratio. This … READ FULL STORY
Close on the heels of the Reserve Bank of India’s (RBI’s) policy action, India’s largest lender, State Bank of India, on June 9, 2017, announced a lowering of interest rates by 10 basis points, … READ FULL STORY
The Reserve Bank of India (RBI), on June 7, 2017, reduced the risk weight for individual housing loans above Rs 75 lakhs, to 50 per cent from the earlier 75 per cent, while for … READ FULL STORY
