Live
- ‘Lovely experienced personal pain over last 2 to 3 months', says Congress leader Sandeep Dikshit
- YS Jagan cautions the people of NDA alliance, says they would deceive people
- SC to hear CM Kejriwal's plea against ED arrest on Monday
- Ayurvedic medicines seized in Telangana over misleading ads
- Ballia SP candidate booked for spreading hatred, threatening official
- Brother-sister want to take away property & mangalsutra for their vote bank, won’t allow it, says PM Modi
- Citizens of Bengaluru, why are you so indifferent to exercise your right to vote?
- Ad-free movies in theatres?
- Warangal: Nataraja in the eye of a needle
- Stray cattle menace key poll issue for farmers in western UP
RBI policy to provide cheaper loans
As RBI cuts rates, banks are expected to pass the benefit to consumers.
NEW DELHI: Central Bank has reduced the repo rate for the fifth time, the Reserve Bank of India (RBI) is currently on a rate deducting tour.
As the RBI cuts rates, banks are expected to pass the benefit to consumers and reduce the interest rates on home, auto, personal or other loans which may result in lower EMIs (equated monthly instalments).
"The Reserve Bank will continue the 'accommodative' stance as long as it is required to revive the growth," RBI governor Das said.
Shaktikanta Das on Punjabi and Maharashtra Cooperative (PMC) Bank Crisis has stated that, "As soon as this issue came to the central bank's notice, the RBI has acted very swiftly. One incident should not be used to generalise the state of all cooperative banks. Banking system sound, stable and there's no reason to panic."
