RBI raising key policy rates
With the Reserve Bank of India (RBI) raising key policy rates for the tenth time to control inflation, the base rate (the benchmark rate for all loans) and the prime lending rates (used to determine interest rate for earlier loans) have increased several times. However, while banks have raised the interest rates for their existing [...] Continue Reading »
Interest rates on all loans will go up. However, there could be some cheer for savings bank account holders as the RBI simultaneously increased interest rates on savings deposits If you were eyeing that swanky house or a cool set of hot wheels, prepare to shell out more to live your dream. Interest rates on [...] Continue Reading »
