RBI raises Cash Reserve Ratio, But Home Loan Rates Stay
April 30, 2008 by Editor · 2 Comments
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The Reserve Bank of India (RBI) has hiked the cash reserve ratio (CRR)- the portion of deposits banks have to keep with the RBI-to squeeze money supply and arrest inflation, which has touched 7.33 percent.
The Reserve Bank of India Governor Y.V. Reddy, in the credit policy announced on Tuesday, raised the cash reserve ratio by 0.25 percent to 8.25 percent, the second hike in 12 days. Read more
Popularity: 41% [?]
Tags: bank customers, cash reserve ratio, crr, icici, interest rates, loan, RBI, reserve bank of india
Banks Will Not Charge You For ATM Use
March 12, 2008 by Arun Pal Singh · Leave a Comment
11 March 2009
Good News For Consumers!
From April 2009, Banks would share transaction cost for ATMs.
Bank customers would freely use their ATM cards to withdraw cash from any ATM installed by various commercial banks across the country. The Reserve Bank of Indian has barred banks from charging any fees for customers using their own banks’ ATM and cut charges on withdrawal from third-party ATMs to Rs. 20 per transaction. Read more
Popularity: 19% [?]
Tags: ATM, automatic teller money, bank charges, banks, RBI, reserve bank of india, service charges on cash withdraw
Revival of Agriculture-Bumper Loan Relief For Farmers Soon
February 18, 2008 by Arun Pal Singh · Leave a Comment
Good news for agriculture. A minimum of Rs 32000 crore loan is on its way. The announcement is likely to be made in the upcoming budget. It definitely has political motives behind it because this is last budget of the present government.
Whatever is the motive! It is a good news for agriculture sector. Read more
Popularity: 15% [?]
Tags: loan relief for farmer, nabard, RBI, revival of agriculture