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RBI SLASHES THE INTEREST RATE !!!!!!!!!!!!


The Reserve Bank of India`s Governor Shri. Raghuram Rajan, today, cut the benchmark repo rate by 50 basis points to a 4-1/2-year low of 6.75 per cent in a surprise move.

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Finance Minister ask Banks to reduce interest rates on loans


THE FINANCE MINISTER HAS ASKED THE BANKS TO PASS ON THE BENEFIT OF REDUCED INTEREST RATES TO BORROWERS, HE WAS REVIEWING THE ANNUAL PERFORMANCE OF PUBLIC SECTOR BANKS FOR THE YEAR 2014-15, THE BORROWERS MAY GET THE BENEFIT OF REDUCED INTEREST FROM 01-7-2015.

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REALTY MARKET IN BANGALORE


THE SALE OF APARTMENTS HAS SLOWED DOWN DUE TO ABNORMAL PRICES AND DWINDLING OF THE DEMAND.  THE RENT SCENARIO IS MUCH WORSE.  THE RETURN ON INVESTMENT IN RESIDENTIAL BUILDING IN THE FORM OF RENT AFTER THE MAINTENANCE AND TAXES IS 2% TO 8% AND IN COMMERCIAL BUILDINGS, IT IS 2% TO 16% AND IN INDUSTRIAL BUILDINGS, IT IS 0% TO 5%, DEPENDING UPON THE LOCATION, SIZE, OWNERSHIP, TITLES,ACCESSIBILITY, AVAILABILITY OF INFRASTRUCTURE AND FINANCIAL ASSISTANCE.

BUYING A B KATHA APPEARS TO BE A VERY RISKY AFFAIR IN BBMP LIMITS.  

THE RULING INTEREST RATE ON HOME LOANS IS 9% TO 10% IN STATE OWNED BANKS AND MNC BANKS, WHEREAS IT IS SLIGHTLY HIGHER IN PRIVATE FINANCE COMPANIES.  

THE APPRECIATION OF VALUE OF PROPERTIES IS ANYWHERE BETWEEN 1% TO 12% P.A. 12% APPRECIATION IS FOUND ONLY IN 5% OF THE TOTAL PROPERTIES TRANSACTED.  HENCE, A HIGHLY CALCULATED DECISION IN THE PURCHASES WILL SECURE THE FINANCIAL STABILITY OF THE BUYER. 

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Reserve Bank Of India reduces the interest rates


The Reserve Bank of India on Thursday reduced the repo rate by 25 basis points to 7.75 per cent from 8 per cent, with immediate effect, ahead of its policy review on February 3.

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GOVERNMENT PRUNES THE INTEREST RATES EFFECTIVE FROM 01-04-2013


The government has pruned the interest rate by 0.1 percent and has revised the Interest Rates for Small Savings Schemes With Effect from 1ST APRIL,2013

       Based on the decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), the interest rates for small saving schemes are to be notified every financial year, before 1st April of that year. Accordingly, the rate of interest on various small savings schemes for the financial year 2013-14 effective from 01.04.2013, on the basis of the interest compounding/ payment built-in in the schemes, shall be as under:

Scheme

Rate of Interest

w.e.f. 01.04.2012

Rate of Interest

w.e.f. 01.04.2013

1

2

3

Savings Deposit

4.0

4.0

1 Year Time Deposit

8.2

8.2

2 Year Time Deposit

8.3

8.2

3 Year Time Deposit

8.4

8.3

5 Year Time Deposit

8.5

8.4

5 Year Recurring Deposit

8.4

8.3

5 Year SCSS

9.3

9.2

5 Year MIS

8.5

8.4

5 Year NSC

8.6

8.5

10 Year NSC

8.9

8.8

PPF

8.8

8.7

 

 

 

 

 

 

 

 

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INTEREST RATE HIKE-RBI


THE RESERVE BANK OF INDIA MIGHT INCREASE THE REPO RATE AND THE LENDING RATES OF THE BANKS WILL ALSO GO UP.

The rate increase is its eleventh since March 2010, making the RBI one of the most aggressive inflation fighters among central banks.

This has taken the market by surprise as most analysts expected the central bank to be more dovish and only announce a 25 basis point repo rate hike given the threat to India’s industry growth due to increased interest rates.