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New Interest Regime: Both Customers And Banks To Feel Pain

Shifting to floating rate deposits can work as an anaesthetic gel for some customers, points out Tamal Bandyopadhyay. IMAGE: The scene inside a bank. Kindly note the image has been posted only for......

Why linking loans to external benchmark won't be easy for banks

The debate on the merits or otherwise of external benchmarks also does not answer a fundamental question raised by Viral Acharya, the former deputy governor of RBI: “The issue is - who should......

SBI's new interest rate for savings A/C holders decoded

The bank will give 3.25 per cent interest on savings bank deposits with a balance exceeding Rs 100,000. At present, the interest rate is 3.5 per cent. Savings bank account holders in SBI having......

RBI keen to link home, auto loans with external benchmark

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. Illustration: Uttam......

Looking to transfer home loan? Read this

If you have availed a home loan from an NBFC, you can shift your existing home loan to a bank and benefit from the MCLR regime, suggests Ratan Choudhary, head - home loans, Paisabazaar.com.......

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GUJARAT, HIMACHAL GO TO POLLS

The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain...
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