Amongst the categories of retail credit, housing loans are found to be most sensitive to interest rates and asset quality of banks, followed by vehicle loans and unsecured loans. The views expressed in the Bulletin articles are of the authors and do not represent the views of the Reserve Bank...
Housing loan facility–RBI provides housing loans up to Rs.30 lakhs at nominal interest rates to its employees. Medical benefits–RBI provides medical coverage for employee and their family members. This offers huge relief for employees during medical emergencies. Most of the facilities are either ...
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As of December 2023, interest rates for term deposits (TDs) with terms longer than a year varied from 6.25% to 7.25%. According to the RBI's recent monthly bulletin, throughout the period of May 2022 to December 2023, the WADTDR on fresh and outstanding deposits increased by 246 basis p...
CTBC Bank, HSBC Holdings PLC and Taipei Fubon Bank are arranging the five-year loan, which carries an interest margin of 92.5 basis points over the risk-free secured overnight financing rate. SBI is raising this facility for general corporate purposes through its branch in Gujarat International ...
Aravind. KJ. RaniIJCRT(www.ijcrt.org)
Frame standard protocol for vehicle seizure in case of loan default: RBI to Banks 19-11-2024 GSTR 2B input tax issue: A new advisory by GSTN on how to fix it for FY 2023-24 RBI Governor Shaktikanta Das likely to get extension, announcement expected after Maharashtra Election ...
MGCs offer mortgage guarantees, lowering lenders' risk. These guarantees facilitate home loan approvals and stimulate the housing sector's growth, particularly for first-time buyers. Peer-to-Peer Lending Platform (P2P) P2P lending platforms connect individual borrowers and lenders digitally via the In...
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She stated that the economic growth rate is estimated to be 7% in the current year. Capital investment outlay will be increased by 33% to Rs 10 lakh crore, which will be 3.3% of GDP. The Government has decided to continue the 50-year interest free loan to state governments for one more...