NATIONAL HOUSING BANK AND THE RBI- pass on the benefit of lower interest rates uniformly to all customers RBI has directed the top banks to charge lower home loan rates to old customers instead of just using the lower interest rates to pull new borrowers. But lenders continued to resist the proposal, citing cost mismatch. The contentious issue cropped … Continue reading UNIFORM INTEREST RATE TO ALL HOME LOAN BORROWERS – NHB AND RBI
Tag: india reserve bank
INTEREST RATE HIKE
AMONG OTHER FISCAL MEASURES TO CONTAIN THE EVER INCREASING AND UNCONTROLLED INFLATION, THE GOVERNMENT AND THE RBI PROPOSE TO INCREASE THE INTEREST RATES, HOPING THAT THIS MOVE WILL HALT THE GALLOPING TREND, SO FAR, ALL THE ECONOMICAL MEASURES FAILED TO CONTAIN THE PACE OF INFLATION. HOME LOAN INTEREST MIGHT REACH UP TO 12% BY DECEMBER, … Continue reading INTEREST RATE HIKE
RBI TIGHTENS THE SCREWS ON LENDING
There has been a substantial increase in bad loans and this is primarily because public sector banks have been very lenient on willful defaulters and on real estate sectors. The Reserve Bank of India (RBI) has asked banks to focus on recovery and follow a stringent credit appraisal procedure. The RBI has asked banks to remain cautious in the wake of a higher-than-expected … Continue reading RBI TIGHTENS THE SCREWS ON LENDING
INTEREST RATE HIKE IS ON THE CARDS AGAIN
The Reserve Bank of India (RBI) has raised the policy rate (the repo rate) eleven times by a cumulative 325 basis points (bps) since October 2009 and proposes to increase it again to contain the heated inflation rate. The increase in the Base Rates/Benchmark Prime Lending Rates (BPLRs) of banks, consequent upon increase in policy rate by the RBI, … Continue reading INTEREST RATE HIKE IS ON THE CARDS AGAIN
HOME LOANS AND RBI GUIDELINES ON 01-07-2011-READ COLUMN 13 FOR HOME LOAN CONDITIONS AND DIRECTIONS TO ALL THE BANKS BY THE RBI———————————— READ THE DELHI HIGH COURT ORDER ON ILLEGAL BUILDING AND ITS EFFECTS ON HOME LOANS AND RBI DIRECTIONS———-BEFORE BUYING ILLEGAL BUILDINGS
READ COLUMN 13 FOR HOME LOAN CONDITIONS AND DIRECTIONS TO ALL THE BANKS BY THE RBI------------------------------------ READ THE DELHI HIGH COURT ORDER ON ILLEGAL BUILDING AND ITS EFFECTS ON HOME LOANS AND RBI DIRECTIONS----------BEFORE BUYING ILLEGAL BUILDINGS RESERVE BANK OF INDIA Master Circular on Housing Finance Date: Jul 01, 2011 RBI/ 2011-12/52 DBOD. No.DIR.BC. 03/08.12.001/2011-12July … Continue reading HOME LOANS AND RBI GUIDELINES ON 01-07-2011-READ COLUMN 13 FOR HOME LOAN CONDITIONS AND DIRECTIONS TO ALL THE BANKS BY THE RBI———————————— READ THE DELHI HIGH COURT ORDER ON ILLEGAL BUILDING AND ITS EFFECTS ON HOME LOANS AND RBI DIRECTIONS———-BEFORE BUYING ILLEGAL BUILDINGS
FAILED ATM TRANSACTION-RBI ISSUES GUIDELINES TO ALL BANKS
May 27, 2011 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir Reconciliation of failed transactions at ATMs Please refer to our letter DPSS No. 711 / 02.10.02 / 2008-2009, 1424 / … Continue reading FAILED ATM TRANSACTION-RBI ISSUES GUIDELINES TO ALL BANKS
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