NEWS & ADVICE : HOME LOANS
Government stirs RBI to cut rates
By Joseph Samson
Mar 11, 2013
Print    Email    RSS   

The government mulls RBI to reduce rates with finance minister; Mr. P Chidambaram said that the government has done with its bit on fiscal consolidation.

FinMin, Mr. P Chidambaram after the customary post-budget board meeting of the central bank said, "On the fiscal consolidation path, the government has walked the talk. RBI, of course, will take into account the overall broad economic situation and what happens between now and March 19 and take a call (on interest rate)... we have delivered on the fiscal consolidation path".

RBI is expected to lower the key policy rates amidst moderating inflation. In January, key rates were reduced by 25 basis points, which were considered as a minor rate cut by the banks.

The government has been continuously mulling RBI to lower interest rates on home loans and auto loans to get consumers back into the market. But RBI has however cited its inability to cut rates as there is high fiscal deficit and inflation.


 


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Fixed or floating interest rate home loan:...
How to go about ‘Leveraged Investing’
Carnival of Indian Personal Finance Blogs #3
Joint Home Loan: A wise decision for a...
A chronicle of excesses by loan recovery...


http://islamicduaforlovebackspecialist.blogspot.in/
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive