rate of interest
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) said that the market watchdog, SEBI, should categorize housing finance companies (HFCs) as a separate sector from Non-Banking Financial Companies (NBFCs) to attract more fund flows. It suggested SEBI not to club HFCs with NBFCs for the purposes of sectoral limits proposed for investments by [...] Continue Reading »
The Reserve Bank of India said that it has more headroom to reduce rates following a drop in oil prices which reduces pressure on inflation. RBI deputy governor said that the central bank today has more room to cut interest rates. Factors suggesting more room are growth somewhat lower than expectations that may have a [...] Continue Reading »
The State Bank of India Chairman said that the bank is not planning to reduce the lending rate immediately. As the base rate of interest of SBI is lowest in the capital market, they are not interested in reduction of home loan interest. The SBI is also not planning to reduce the deposit rates. According [...] Continue Reading »
