EMI

In a meeting with heads of commercial banks here on Friday, Finance Minister Arun Jaitley on Friday asked banks which have not passed on to borrowers the interest rate cuts made by the Reserve Bank of India (RBI) this year to do so over the…

As Reserve Bank of India (RBI) Governor Raghuram Rajan announced the third cut in repo rate in 2015, the homebuyers in Odisha have welcomed the decision with the hope they will be able to pay less to buy homes. The repo rate was cut by 25…

The Reserve Bank of India (RBI) surprised the market by cutting the repo rate by 25 basis points to 7.5%. The first rate cut was done on January 15. Repo rate is the rate at which the RBI lends money to commercial banks in the event of any…

The Reserve Bank of India (RBI) has brought huge cheer to the market and investors by cutting the repo rate by 25 basis points, but kept the CRR (Cash Reserve Ratio) unchanged at 4%. The repo rate now stands at 7.75%. Raghuram Rajan, RBI…