home loan prepayment charge: Home loan FAQs: Interest calculation to repayment period, home loan prepayment charge [ad_1] If you are a new home loan borrower, or planning to borrow you must know that interest rates are at a higher level compared to last year. Depending on the area or state where you live, banks will normally offer to finance 70% ...
Read More »Author Archives: LoanFinanceadmin
How have the home loan EMIs changed since RBI’s repo rate hike in May 2022?
How have the home loan EMIs changed since RBI’s repo rate hike in May 2022? On Wednesday, the Reserve Bank of India (RBI) increased the repo rate by 25 basis points, taking it to 6.5 per cent. Since May 2022, the repo rate has been hiked by 250 basis points. One basis point stands for 0.01 per ...
Read More »Rupee falls 12 paise to 82.63 against US dollar on strong greenback
Rupee falls 12 paise to 82.63 against US dollar on strong greenback The rupee depreciated 12 paise to 82.63 against the US dollar in early trade on Friday as a lacklustre trend in domestic equities and a strong greenback in the overseas markets dented investor sentiments. Besides, sustained foreign fund outflows and elevated crude oil ...
Read More »Us Eb-5 visa: What are risks involved while getting US EB-5 visa program and how to manage them?
Us Eb-5 visa: What are risks involved while getting US EB-5 visa program and how to manage them? [ad_1] The U.S. EB-5 Investor Visa Program has become a popular tool for wealthy Indian families looking to migrate overseas. The visa program provides an opportunity for qualified investors to obtain permanent residency in the U.S. by investing in a local project ...
Read More »Kotak Mahindra Bank: Kotak Mahindra Bank increases FD interest rates by up to 25 bps: Senior citizens can earn 7.6% on this tenure
Kotak Mahindra Bank: Kotak Mahindra Bank increases FD interest rates by up to 25 bps: Senior citizens can earn 7.6% on this tenure [ad_1] Kotak Mahindra Bank has increased fixed deposit interest rates on select tenors by up to 25 basis points (bps) after the Reserve Bank of India hiked repo rates by 25 bps. The new rates are effective ...
Read More »2023 is for complete rollout of Digital Credit System: Ashwini Vaishnaw
2023 is for complete rollout of Digital Credit System: Ashwini Vaishnaw Union Minister for Electronic and Information Technology Ashwini Vaishnaw on Thursday said that the government’s major focus would be on the complete rollout of the Digital Credit System this year. “In 2023, a major focus would be on the complete rollout of the Digital ...
Read More »As China battles crises, HSBC bets big on India’s $400 bn pile of wealth
As China battles crises, HSBC bets big on India’s $400 bn pile of wealth “Roaring with national pride. Soaring with global dreams,” blared the HSBC Holdings Plc ad outside an upscale Mumbai suburb in December. The 122-foot billboard displayed a tiger stalking over the British bank’s hexagonal red logo — a not-too-subtle signal of its ambitions to ...
Read More »PNB, BoB raise lending rates by up to 25 bps following RBI rate hike
PNB, BoB raise lending rates by up to 25 bps following RBI rate hike Leading public sector lenders Punjab National Bank (PNB) and Bank of Baroda (BoB) have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank earlier this week. PNB in a regulatory filing said ...
Read More »Kotak Mahindra Bank, Central Bank of India revise interest rates
Kotak Mahindra Bank, Central Bank of India revise interest rates Kotak Mahindra Bank increased select deposit rates by up to 25 basis points
Read More »No updated tax return after facing searches by I-T department
No updated tax return after facing searches by I-T department Persons and entities who have faced search or survey proceedings by the income tax department “in any previous year” will no longer be allowed to file updated tax returns. Earlier, it was proposed that an updated tax return cannot be filed, in case of search ...
Read More »