Now the investors who has invested their money in Government Small Saving Schemes will have earn less as per revised interest rate move of the finance ministry. Read more
Tag: Interest Rates
RBI’s monetary policy review: key rates unchanged
All eyes are on Reserve Bank of India’s mid-quarter review of monetary policy today, expected that due to inflation chances of key interest rates to be remained unchanged in the policy review.
The repo rates and reverse repo rate remains unchanged at 8 per cent and at 7 per cent.
While experts indicated, govt is likely choose cut the cash reserve ratio (CRR), the portion of deposits banks have to mandatory park with RBI unchanged at 4.25 per cent that help to tighten the liquidity. Read more
RBI’s Monetary Policy: CRR slashes, Rates unchanged
After unveiling the mid-quarter review of the monetary policy by Reserve Bank of India (RBI) Governor D Subbarao, a much disappointing wave spread among the marketers, but a strongest attack in appositive move toward inflation.
RBI’s policy brings unchanged repo rates while cut off CRR, cash reserve ratio by 25 basis points from 4.75 per cent to 4.50 per cent, allowing banks to keep more cash and downing their lending rates, improving investments. Read more
SBI revises retail lending rates
Good news for home loaners, India’s top lender State Bank of India recently announced to relief in retail rates with cut by up to 50 basis points, 0.25-0.60 %.
As per SBI revised plan, Car loans above Rs. 75 lakh will be charged 10.40% interest rates from existing 11.25%, while Home Loans of Rs. 30 lakh- Rs. 75 lakh will be charged to 10.40%, from 10.75%.
People who lend money upto Rs. 30 lakh will now pay interest with 10.25% from current 10.50%. Read more
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