Reserve Bank of India finally cut its main interest rate. This rate-cut by RBI will push other banks to offer home loans at lower interest rates. However the rate-cut is believed to benefit only the new applicants for home loans. Finally the home buyers can submit their application for home loans. According to the new […]
Tag: Cash Reserve Ratio
RBI Increases Loans On Realty
April 16, 2010 – 8:01 am
The Reserve Bank of India has asked banks to set aside more pelf for loans to realty projects which may eventually make borrowing more costly for builders. An increase in capital requirement will force banks to hike the rate of interest on such loans. SA Bhat, chairman and managing director of Indian Overseas Bank gave […]
Home buyers to return back
January 8, 2009 – 4:17 am
Home buyers could arrive back in the Indian real estate market in force after the Reserve Bank of India reduced rates and the cash-reserve ratio requirement. The bank slashed the repo rate by 100 basis points to 5.5% and the reverse repo rate to 4%. Officials also lowered the cash reserve ratio by 50 basis […]
RBI works to boost up market
January 3, 2009 – 5:30 am
Unveiling the package moments after the Reserve Bank of India slashed its key policy rates, the government said it was preparing to recapitalise state-run banks to the tune of twenty thousand crore rupees over the next couple of year to ensure the banking system does not suffer from capital adequacy constraints. Speaking on the actions, […]
