Buying your own abode is a goal most of us aim to accomplish. Staying in a rented house can never give you the sense of pleasure that your own property can. But before you set out to buy a property, there are certain things to be careful about. What if you have the resources to …
Banks have been hiking lending rates. The public sector lender Canara Bank has hiked home loan rates and other loan rates with effect from 12 August. In August, top banks in India, including HDFC Bank, ICICI Bank, Bank of Baroda, and Bank of India increased their marginal cost of funds-based lending rate (MCLR). After the …
The Reserve Bank of India has released a key proposal with the goal of improving both the flexibility and transparency of rates of interest on variable-rate loans. “It is proposed to put in place a transparent framework for reset of interest rates on floating interest loans. The framework will require Regulated Entities to (i) clearly communicate with …