Latest News on Emi
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Emi - Total results - 80
Oct 10, 2019
Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaperAbout half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month
Oct 04, 2019
RBI cuts repo rate by 25 bps to decade-low of 5.15% to revive growth; home, auto loans to become cheaperThe Reserve Bank on Friday cut its benchmark lending rate by 0.25 percent to revive growth that has hit six-year low of 5 percent, and affirmed commitment to remain accommodative to address growth concerns 'as long as necessary'
Sep 16, 2019
SBI mulls to approach RBI for clarification on lender’s plan to offer fixed-floating rate home loansAt present, SBI has a floating rate home loan product linked to its marginal cost of funds-based lending rate and it recently withdrew one linked to the repo rate.
Aug 23, 2019
HDFC Bank to offer 2 million credit, debit cards named Millennia to millennials in next two yearsHDFC Bank's credit and debit cards, christened Millennia come with a slew of features like a 5% cashback on shopping and a 1% fuel surcharge waiver
Aug 20, 2019
SBI announces home, auto loans at cheaper rates during festival season; other lenders likely to follow suitRecently, SBI reduced MCLR by 15 bps due to which overall home loan interest rate is now reduced by 35 bps since April 2019.
Aug 08, 2019
If you think RBI’s 35 bps surprise rate cut is big bonanza for common man, the joke is on you; here’s whyThe banks have room for further reduction of at least 80 bps in their lending rates if these entities choose to pass on the full benefit of the RBI rate cuts to the end-borrower.
Jul 03, 2019
Can mutual funds help create wealth for your future? Long-term investment in SIPs in small amounts makes it possibleAll the mutual funds have an element of risk attached to them as they invest in market-related instruments.
May 22, 2019
CCI probes against Maruti: Resale price maintenance menace can be overcome through online salesMaruti has an envious 50 percent share and is more vulnerable to the charge of harming consumer interest
Feb 11, 2019
Converting your rent into EMI has greater resonance now that two self-occupied houses are tax-freeOne may be petrified by the prospect of interest outstripping the principal but then there is something called time value of money—you get to enjoy a house now which you cannot afford now.
Feb 08, 2019
Sony announces first-ever share buyback worth $910 million, stock recovers somewhatSony had been struggling with losses as its consumer electronics business lost market share to rivals.