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 […]
Tag: interest rates
No slowdown in realty projects
November 17, 2008 – 5:37 am
Mahindra and Mahindra on Monday said there is no slowdown in its real estate projects, even as there is a slump in demand. “We are not slowing down on any of our projects. Jaipur is rocking, Chennai is doing well, city-based projects such as Faridabad are also doing well,” Mahindra and Mahindra Ltd Executive Mr […]
Borrowers will have to wait for lower lending rates
October 22, 2008 – 5:16 am
According to HDFC chairman Deepak Parekh, lending rates would ease only after deposit rates come down, which will take some time to happen. The statement comes at a time when most people hoped that banks would start lowering their lending rates, following the recent repo cut by the Reserve Bank of India (RBI). Welcoming the […]
Govt Recognizes Public Demand For Lower Home Loan Rates
March 6, 2008 – 4:34 am
The government on Thursday acknowledged that there is public demand that interest rates on home loans up to Rs 20 lakh should be slashed, but said it is for the banks and RBI to take a call. During his post-budget interaction with Assocham, Finance Minister Mr. P. Chidambaram said, “I shall certainly bear in mind […]
Loans to get cheaper as SBI cuts rate again
February 21, 2008 – 3:41 am
SBI has decided to cut the home loan repayment rate. After going up for months, EMIs are set to come down. This follows a decision by four public sector banks, led by SBI, to cut their prime lending rates further by 0.25% to 0.50%. SBI’s new PLR will be 12.25%, effective from February 27. Canara […]
Dr Reddy Decision
February 1, 2008 – 1:29 am
People who are disappointed by the RBI decision to hold rates, especially since it is now more fashionable to cut rates are not right. But, Dr Reddy is doing the sensible thing, say experts. As the RBI’s quarterly meeting approaches, most editorials and columns favored lower interest rates. Their reasons were simple – domestic growth […]
