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.
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.
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 … Continue reading REALTY MARKET IN BANGALORE
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.
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 … Continue reading GOVERNMENT PRUNES THE INTEREST RATES EFFECTIVE FROM 01-04-2013
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 … Continue reading INTEREST RATE HIKE-RBI