Mon, Oct 07, 2024
Will the RBI Governor-led MPC decide to cut the repo rate this month? After a two-month gap, the Monetary Policy Committee—the RBI’s rate-deciding panel—is meeting again for a scheduled review of its monetary policy. And yet again, the question on everyone’s mind is: Will there be a rate cut this time? Here’s what you need to know about the upcoming rate decision by the Indian central bank—coming less than three weeks after the Fed Chair Jerome Powell-led Federal Open Market Committee (FOMC) delivered a surprise 50-basis-point reduction in the key US interest rate.
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Fri, Aug 16, 2024
Mahindra Thar Roxx MX1 Diesel MT 2WD is the new buzz in the town. A number of auto enthusiasts want to take a drive of Mahindra Thar's brand new model. Do you want to own it? Do you want to purchase it by taking a loan? Car loans are for up to 7 years, but the majority opt for 5 years.
Tue, Jul 09, 2024
Understanding the factors that influence your CIBIL score is crucial for maintaining a healthy credit profile. Here are seven important factors to consider:
Thu, Jun 06, 2024
RBI June 5-7 MPC Review Preview: Can you expect the RBI Governor Shaktikanta Das-led Monetary Policy Committee (MPC) to lower the key lending rate or change its stance in the June review? Here's all you need to know about the economy and the latest readings of high-frequency indicators.
Thu, May 09, 2024
SBI Car Loan EMI: Are you planning to buy a car, or have you ever thought about it? People often buy a car with on a loan. The longer is your loan duration, the more interest you pay on your EMI. Know here your EMI calculation for a 3-, 5- and 8-year SBI car loan.
Thu, Apr 04, 2024
What is the repo rate? The repo rate, or the key interest rate at which the RBI lends money to commercial banks, plays a significant role in determining the cost of borrowing for individuals and businesses. When the repo rate decreases, banks are inclined to reduce their lending rates, making loans cheaper. On the flipside, when the repo rate increases, banks tend to pass on their higher borrowing costs to consumers. Here's a summary of this key interest rate which impacts you very much.
Wed, Mar 27, 2024
RBI MPC meeting schedule 2024-25: The Reserve Bank of India (RBI) has announced the dates of six upcoming monetary policy meetings of the next financial year, which begins on April 1, 2024. The central bank conducts six scheduled reviews every year, one each in April, June, August, October, December, and February. Besides, it also conducts out-of-cycle reviews to address sudden changes in economic conditions that warrant urgent monetary policy action.
Wed, Mar 13, 2024
When you prepay your loan, the overall EMI is reduced, allowing you to pay a lesser interest rate on the outstanding balance. Your credit score improves, and you can save money.
Fri, Dec 08, 2023
RBI Monetary Policy HIGHLIGHTS, RBI MPC Meet Dec 2023, Repo Rate: RBI Governor Shaktikanta Das announced a status quo on the repo rate, as widely expected, in the MPC's last scheduled policy review of 2023. Catch all the highlights here.
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