Fri, Aug 05, 2022
According to the RBI norms, banks are required to link the interest rates of loans with an external benchmark, which is generally the RBI's repo rate. Meanwhile, the bank deposit rates are also likely to increase, bringing some relief to the common man. After the rate hike by the central bank, the timing of taking the loan is crucial for home loan borrowers as they usually borrow at floating rates.
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Sun, Feb 11, 2018
The proposal forms part of the Finance Bill 2018 which is scheduled to be approved by Parliament by March 31
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