Raguram Rajan Predicted to Lower Rates on Home and Auto Loans
By Joseph Samson
Sep 20, 2013
Print    Email    RSS   

With the festive season around the bend, the idea to lower rates on funds for banks in order to reduce the interest on car and home loans may be a sweeping welcome initiative from the RBI. This idea is based on a strategy and operational procedure that the bank of England has adopted recently to provide low rate funds for its banks and housing corporations and increase the potential of loans.

While considering the close link between the price and quantity of the lending performance of our banks so far, this move is supposed to boost the lending ability of the banks. While the general public may be a bit slow on the uptake for this initiative, the immediate results are expected from the banks. Once again, the finance ministry quotes the success of a similar plan launched in the year 2012 by Bank of England as the base reason for this initiative.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Carnival of Indian Personal Finance Blogs # 8
How good are floating rate car loans?
Carnival of Indian Personal Finance Blogs #4
Manage your loans, avoid recovery agents
Bank loans that could glitter for you

Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive