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In its Annual Credit Policy on Tuesday, the Reserve Bank of India (RBI) announced a cut in repo rate — the rate at which the RBI lends short-term funds to banks — and reverse repo rate — the rate at which banks park surplus funds with the RBI — by 25 basis points each (i.e., 0.25 % [...]

Continuous changes are taking place in the financial world. But in several of the situations there is not adequate understanding about the manner in which the changes will actually affect an individual’s finances. This is why it becomes important for an individual to read the fine print to understand the exact implications of the changes. [...]

Most people buy their cars using finance, and that makes auto loan an essential part of the entire buying process. In such a situation, a buyer has to take due care of the finer points of the loan, including the fact that the loan is selected from the right institution. Before selecting a loan provider, [...]

There is increasing competition being witnessed in the home loan space, which has led to a lot of choice as well as offers for borrowers. The impact is also witnessed in terms of an interest rate war from several players with two of India’s biggest lenders SBI and ICICI Bank cutting their home loan rates [...]