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Speak Out India: Banks cut rates for new home loan borrowers - NewsX
Speak out India is a NewsX special show which focuses on the main news event of the day. We noticed that Banks has cut down interest rates for new home lone borrowers. Old customers are not going to be benefited by this rate cut. So we are asking today- Are banks cheating customers by not reducing EMIs when interest rates go down? India comments ans shares its views only at this NewsX special show Speak out India.
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Related topics : india bank loan interest rates / home loan rate interest
No cuts in Home and Auto loan intrest rates
In line with market expectations, Reserve Bank of India on Tuesday kept the repo rate unchanged at 8%. The central bank also kept CRR, SLR unchanged. The reverse repo rate was also maintained at status quo of 7%.
However, it said it would cut the ceiling on bonds that must be held-to-maturity from the current 24 percent to 22 percent in stages starting in the bi-weekly cycle beginning in Jan. 10, 2015. It expects to complete the process by September 2015.
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Related topics : india bank loan rates
Speak Out India: The brutal loan trap - I
In times of need people turn to loan sharks and banks, and when hard times befall them and they are unable to repay the loans, the loan recovery process employed by their creditors is so humiliating that they are driven to end it all by committing suicide.
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Related topics : need loan shark
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