RBI Credit Policy : Hike in Home Loan Rates, Deposit Rates
BUSINESS 2:41 AM
India's Banking and economy controller Reserve Bank of India (RBI) has once again increased it's benchmark rates by 25 basis points to curbs inflation in major Mid Credit Policy.
The immediate effect of this RBI credit policy will be on deposit rates of banks and higher rate of loans like Home Loan, Vehicle loan etc. Now borrowing loan from bank will be costlier.
RBI said : The RBI has sought to maintain an interest rate environment that moderates inflation and checks inflationary expectations.
Read For Depth Analysis : Here
YOU MAY LIKE THESE ALSO :
Posted by Raj
on 2:41 AM.
Filed under
