Reserve Bank of India raising key policy rates
Banks are a large source of funds for the housing finance companies (HFCs) and an increase in their lending rate would push up the cost of funds for the HFCs. Since the latest round of monetary tightening by RBI last week, a host of banks and lending institutions have raised their rates and HDFC is [...] 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 »
