NEWS & ADVICE : PERSONAL LOAN
RBI can cut down the rates by 0.25% this week
By Vaibhav Aggarwal
Feb 2, 2015
Print    Email    RSS   

It is expected that the apex bank of the country – RBI may further reduce down the rate by 0.25% in the monetary policy this week. Last month RBI had unexpectedly cut down the rates surprising everyone.

This time the industry is hopeful that a further reduction in policy rates. While lowering the policy repo rate to 7.75 per cent from 8 per cent, RBI last month had also said further rate cuts would depend upon inflationary expectations and improvement in the fiscal situation. Some banks like Oriental Bank of Commerce are waiting for an immediate rate cut. RBI can consider a rate cut of 0.25% tomorrow in the monetary policy.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Manage your loans, avoid recovery agents
Effect of employment on loan eligibility...
Carnival of Indian Personal Finance Blogs # 7
Benefits and drawbacks of personal loans...
Getting the best rates on your personal...


Call Giri In Kr.Puram Mahadevapura Indranagar Call...
CHECK MY STATUS ANILDEVIDAS SHEJWAL
personal loan status of agreement number...
SIR/MADAM MY SELF PRIYA SHARMA PAN CARD FFTPS3791P...
SANGRUR: CaℒL Giℛℒ In Bathinda 09855660911...

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive