Home, Auto, Personal Loans Likely To Get Cheaper
The Reserve Bank of India (RBI) on Wednesday, cut its repo rate by 0.35 percent to 5.40 percent following its monetary policy review. Repo rate is the rate at which…
The Reserve Bank of India (RBI) on Wednesday, cut its repo rate by 0.35 percent to 5.40 percent following its monetary policy review. Repo rate is the rate at which…
To expand their retail loan businesses, public sector banks (PSBs) are gearing up to introduce retail products, including housing and auto loans, on ‘psbloansin59minutes’ portal. The portal was originally introduced…
While leading banks including SBI, OBC have spearheaded the linking of loan rates to key policy or repo rate, the RBI’s governor Shaktikanta Das now wants the entire banking system…
On Tuesday, Allahabad Bank and Punjab National Bank informed of the launch of their retail loan products which will be linked to the Reserve Bank of India’s repo rate as…
The “PSB loans in 59 minutes” portal started its in-principle approval of retail loans in 59 minutes on 5 September 2019. The government initiative allows borrowers to apply for a…
Among various measures announced to push activity in the dull real-estate sector, Finance Minister Nirmala Sitharaman on Saturday announced lower interest rates on house-building advance for government employees. Sitharaman said…
SBI has withdrawn its home loan product linked to repo rate which the leading state-run lender introduced in July this year. In a twitter reply to a user’s query, the…
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