Currently, banks follow system of internal benchmarks, including Prime Lending Rate, Benchmark Prime Lending Rate, Base rate and Marginal Cost of Funds based Lending Rate.
Addressing the 76th United Nations General Assembly session here, Prime Minister Modi said that today, every sixth person in the world is an Indian.
The governor made it clear that the RBI is aware of what's happening and acts accordingly, but doesn't make a noise about that, points out Tamal Bandyopadhyay.
England's phenomenal success in white-ball cricket has forced rivals to consider different set of players and coaches for the limited overs game and Tests but New Zealand skipper Kane Williamson feels only a team with a big talent pool can afford to take that route.
The enormous structured global advertising machinery that surrounds every football game on the planet today? Pele was perhaps single-handedly responsible for all of it. By just being brilliant, captivating crowds, and behaving like a being from the future, doing things that STILL provoke oohs and aahs from watchers. Vaibhav Raghunandan salutes the Incomparable Pele.
"He is the best person for India. He is doing everything to uplift the country," Dr Bhola Nath Rama said, with a tricolour fluttering in his and his wife Sunita Rama's hands.
WhatsApp's advantage is that it is the first app millions of Indian check first thing in the morning and innumerable times during the day and night.
Before taking such loans, compare the interest rates charged by various players, advises Sanjay Kumar Singh.
With the Nifty50 just about 3 per cent away from its all-time closing high of 18,812 points, analysts at BofA Securities suggest investors book profit. Their reasons for the advice include risks like the possibility of a cut in corporate earnings growth forecasts, high valuation (one-year forward P/E of 19.5x), interest rates staying elevated for longer-than-expected and credit tightening. Going ahead, they expect the Nifty50 index to drop to 16,000 levels - down nearly 12 per cent from the current level of 18,255 points, which they believe would be a good time to buy.
Here are some of the common mistakes that most home buyers make when it comes to home loans and how to avoid them.
After a spirited eight-hour debate in which 60 members participated, the Lok Sabha passed the Constitution (128th Amendment) Bill, with 454 members voting in favour and two against it.
India's bowlers put up a valiant effort with a below par total to defend before rookie Alice Capsey held her nerves to guide England to a seven-wicket win in the third women's T20 International.
We showcase some of our readers' photos of Lord Ganesha.
A slew of records were broken as Pakistan recorded a six-wicket win over Sri Lanka after chasing down a mammoth 345 in their ICC World Cup match in Hyderabad on Tuesday.
Images from Day 4 of the first Test between Bangladesh and India, in Chottogram, on Saturday.
The sharp correction in the Indian markets from their peak levels has made valuations attractive, say analysts, who advise buying selectively, but only from a long-term perspective. Fifty-six of the Nifty 100 stocks, according to Mahesh Nandurkar, managing director at Jefferies, now trade below the 10-year historical averages, including stocks in financial, select auto, and pharma sectors. "Valuation (one-year forward consensus price-to-earnings, PE) has declined 25 per cent from October 2021 peak, almost matching the 33 per cent price-earnings contraction during the 2011 tightening cycle when repo rates went up by 375 basis points (bps) versus 250 bps this cycle.
The opposition on Tuesday termed as an 'election jumla' the women's reservation bill brought by the government with many leaders raising questions over the proposed legislation, contending it doesn't account for reservation for OBC communities and that it will be effective at the earliest by the 2029 Lok Sabha polls.
Congress' good show was a "Janata Janardhana Victory", he said, crediting the people for the party's apparent return to power as it established a clear lead ahead of its rival BJP.
Chartered accountant and Sebi registered investment advisor, Harsh Vardhan Roongta, answers your home loan queries
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
Following are certain important things that lenders consider while processing loans to self-employed...
One of cricket's greatest players passed into the ages on Monday. Rediff.com salutes the legend.
Brand India's societal divisions and distortions have remained as much relevant in 'liberal' America and Europe as it still is in the structurally stratified Indian society of the 21st century, observes N Sathiya Moorthy.
Join Rajiv Raj of Credit Vidya on how you can get good CIBIL score and home loan rates at 4.30 on Rediff ZaraBol.
The prime minister will be part of the launch of several development initiatives on his birthday.
We must stop stigmatising business failures. Particularly when startups are mushrooming all around, the financial system, backed by the RBI and the government, can explore ways of extending support to restart the journey of a failed entrepreneur by finance as well as counselling, recommends Tamal Bandyopadhyay.
If you are wondering what all this is about and why should your wife need an independent score then read on to find out.
If there is a morality tale here, it is that debt and death spare no king.
Since hockey's introduction at Commonwealth Games 24 years ago, World No.1 Australia have been the most dominant force, having won all six gold medals till date.
Look at effective interest rate on home loan offers. Availing of ICICI Bank's cashback offer will mean you lose the flexibility to switch or prepay the loan, reports Sanjay Kumar Singh
Just in case you have surplus funds and are thinking about it, here are some pros and cons you must know...
Making an informed choice will help you save money and some hassles too.
Dr Shreekant Sambrani pays tribute to M S Swaminathan, renowned agricultural scientist and a lifelong crusader against hunger who passed away in Chennai recently.
'When a common man's house is on fire, he is infused with extraordinary strength.' 'He will go to any length to save his home and family even if he is not as big and strong as Sunnyji.'
A teaser loan is one where the lender offers a slightly lower rate in the initial years and then charges higher rates in later years.
'It's unfortunate that the prime minister prioritises his own image over the humanitarian situation that is unfolding in Manipur, prioritising his ego over the atrocities that women and tribals have had to suffer in Manipur.'
Indian-American Neera Tanden, who has been nominated as the director of the Office of Management and Budget by US president-elect Joe Biden, on Tuesday shared the inspiring story of her mother who immigrated to the US from India.
Home sales in the top 10 cities - Ahmedabad, Bengaluru, Chandigarh, Chennai, Hyderabad, Kochi, Kolkata, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Pune - have declined at a compound annual growth rate of 8% since 2011.
Nokia launches Nokia 7 Plus, 8 Sirocco series in India; relaunches Nokia 6 with new features.
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