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The interest rate sensitive realty industry Tuesday welcomed the Reserve Bank of India’s (RBI) decision to cut key lending rates by 50 basis points, and felt the move will boost builders’ and home loan customers’ sentiments alike. “For the real estate in particular, this is indeed a wel...
RBI keeps interest rates unchanged on inflation risks The reverse repo rate under the LAF remains at 5.75% and the Bank Rate at 6.25%. Read more India to overtake UK and France next year; to become 5th largest economy: Report China is expected to leapfrog the US to become the world's ...
Therefore, taking into consideration the structure of the co-lending arrangement it can be concluded that the differential or higher interest rate retained by the OC shall not be treated as consideration for performing the agreed-upon role between the co-lenders. The recent ITAT ruling provides cru...
Prepayment Charges: RBI has waived prepayment charges for floating interest rate LAP and capped penalties up to 3% for fixed-rate LAP. This change encourages borrowers to repay loans early, providing more financial flexibility. Documents Required to Apply for LAP: When applying for a LAP, you'...
The setting of base interest rates impacts commercial banks and the general public. When the base rate is increased, the commercial banks have to get loans from RBI at higher rates which they pass on to the customers. An increased loan rate is undesirable for the public and it decreases the...
If RBI lowers the cash rate as a result of inflation, what is the impact on the interest rate? What are the effects of inflation and deflation on an economy? If RBI lowers the cash rate as a result of inflation, what are the impacts on the value of the Australian dollar? What is ...
The RBI has maintained status quo on the benchmark interest rate through February 2023. Additionally, the decision was taken by the Monetary Policy Committee (MPC) to change the monetary policy stance to 'neutral' and clearly focus on sustainable alignment of inflation with the target while suppor...
3. The CVD on new or unused pneumatic radial tyres imported from China has been extended by government for five years. Countervailing Duty (CVD) was ending on July 23. The tyres will continue to attract CVD at the rate of 17.57 per cent. ...
“It has already tightened enough to progressively bring inflation towards the target of 4 per cent, with other complementary policies and barring major new shocks. A further rise in real interest rates is best avoided at present since high real rates can trigger a non-linear switch t...