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Home Loan Interest Rate: These banks have increased home loan interest rates after RBI repo rate hike [ad_1] In an effort to fight inflation, the Reserve Bank of India (RBI) raised the repo rate once more. The central bank raised the repo rate by 35 basis points (bps; 100 basis points = 1%) to 6.25% in its most recent monetary ...

Home loan interest rates to increase further: Should go for loan tenure extension? [ad_1] Avoid tenure extension if… Many borrowers who have short tenure home loan like 15 years or below, lenders may offer the tenure extension option. However, this is not in the best interest of the borrower. Any extension in EMI increases your overall interest payable amount. You ...

Does sticky core inflation mean more rate hikes by RBI? On Wednesday, the RBI’s Monetary Policy Committee announced its fifth consecutive rate increase this year. The RBI also lowered its India GDP growth forecast for the current financial year to 6.8 per cent. According to the RBI governor, persistent and sticky core inflation remains a cause for concern. Do ...

RBI MPC meet LIVE: No difference between paper currency and CBDC, says Das Catch all the latest updates on the RBI’s bi-monthly monetary policy announcement today

SC reserves verdict on demonetisation, asks govt, RBI for submissions The Supreme Court on Wednesday directed the Centre and the Reserve Bank of India (RBI) to make their submissions till Saturday related to the Union government’s 2016 decision to demonetise currency notes of Rs 1,000 and Rs 500. The apex court reserved its verdict on a batch ...

UPI to now allow blocking money for multiple debits, paves way for ASBA The Reserve Bank of India (RBI) on Wednesday enhanced the capabilities of the Unified Payments Interface (UPI) by introducing a ‘single-block-and-multiple debits’ functionality, which allows a customer to enable a payment mandate against a merchant by blocking funds for specific purposes in his/her bank account which ...

RBI opts for smaller repo rate hike of 35 bps, hints at more to come The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Wednesday increased the policy repo rate by 35 basis points (bps) to 6.25 per cent, the highest level since February 2019. With this, the repo rate has been increased by ...

Exploring tech, legal provisions to keep e-Rupee transactions ‘anonymous’ The Reserve Bank of India (RBI) is exploring technological solutions to keep retail transactions using the digital rupee ‘anonymous’. Deputy Governor T Rabi Sankar said the central bank could also explore legal provisions to keep the transactions anonymous. It will weigh its options as things evolve but will ...

Rate hikes, base effect may temper credit growth in medium term: Analysts Even as an economic upturn may keep the demand for loans robust in the next few quarters, multiple interest-rate hikes and the base effect may moderate credit growth year-on-year in the medium term. Soumya Kanti Ghosh, group chief economic advisor of SBI, said the analysis indicates that ...

Bank of Maharashtra raises Rs 348 cr from bonds to fund business growth State-owned Bank of Maharashtra (BoM) on Wednesday said it has raised Rs 348 crore from bonds to fund business growth. The lender raised the funds through private placement of Basel-III compliant tier II bonds, BoM said in a regulatory filing. The paper of ...