Cuts in indicative short term interest rates — both lending and borrowing — and Cash Reserve Ratio (CRR) have always — albeit in the recent past — gone hand in hand since the economic slowdown hit the nation Read More....
Getting bank loans has become tougher. Because banks are closely watching your credit history. This applies even if you have defaulted in paying a paltry sum on a loan taken several years ago. Read More....
Finance Minister P Chidambaram on Thursday said he does not expect interest rates to go up in reasonable future following the RBI's move to hike mandatory deposits of banks by 0.25 per cent. Read More....
From the vantage point of his small Mumbai jewellery and pawnbroking shop, Raju Soni has gained a special insight into the state of India's credit market over the past six months. Read More....
Its that time of the year when everyone starts thinking about taxes. Every year, taxpayers try to save and invest so that they minimize taxes and maximize disposable income Read More....
The real interest rate on the 10-year bond, taken as the difference between the nominal yield and CPI, is one of the highest for India, at 2%, after the UK’s 2.4% Read More....
Amid reports of corporates making losses on hedging forex products other than dollar, the Reserve Bank may soon come out with guidelines on forex derivatives, which is widely expected to discourage banks from Read More....
The Reserve Bank of India is likely to keep interest rates stable in the near term and may ease its monetary policy stance later in the year, a unit of rating agency Moodys has said. Read More....
Borrowers may see a softening in interest rates after March if the Reserve Bank keeps all key rates unchanged in the coming policy review later this month, say bankers. Read More....
Interest rates in India are unlikely to come down in the short to medium term, TS Bhattacharyya, managing director of State Bank of India, Read More....
MONETARY POLICY MID-TERM REVIEW 2007-08/ SUPERVISION AND REGULATION
- In a move to make pricing of loans more customer-friendly, RBI has advised the banks to be more transparent and fair in fixing and revising interest rates on housing loans. Read More....
SBI plans to add over 10,000 ATMs to its network in the next three years to take its ATM network to 25,000. The bank currently has 7,200 ATMs. Read More....
Bank loans will become cheaper only if the Reserve Bank of India (RBI) signals a softer interest regime through a repo rate cut or if statutory liquidity requirements are reduced, according to a Crisil study for Ficci and IBA. Read More....
In our day-to-day lives we dont really pay much attention to our short-term financial needs, this is because we dont evaluate our requirement in terms of available products, Read More....
