Home loans are high-value and long-term credits. As such, even a slight alteration in the rate of interest will have far-fetching consequences on the total cost of the loan.
3 min read22 Oct 2019Though the annual internal review is yet to be concluded, there was a good chance the EPF interest rate would be hiked. At the least, it will be retained at the existing level of 8.55%
3 min read2 Jan 2019Bank credit to MSMEs fell by 4.3% y-o-y by December 2016 due to demonetization
2 min read17 Aug 2018Monetary policy these days is seen as a technical exercise, best left to the experts. But it wasn't always quite so bloodless
3 min read31 Jul 2018Canara Bank has reduced interest rate on savings bank accounts by 50 basis points to 3.5% on deposits of up to Rs50 lakh
1 min read1 Sep 2017EPFO may cut interest rate on provident fund savings to 8.4% in 2017-18 from 8.65% in 2016-17
2 min read6 Jul 2017Now Karnataka Bank's interest rate on home loans up to Rs75 lakh will be 8.60% per annum
1 min read2 Jun 2017To discourage gold imports, the cabinet, headed by Prime Minister Narendra Modi, had approved both the schemes last month
1 min read5 Oct 2015The impact of the shift to a base lending rate
2 min read11 Feb 2010Things to watch out for in the next decade
4 min read3 Jan 2010The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared