With the increase in the MCLR, the interest rates on loans are also likely to rise by a similar measure, and EMIs rise on linked loans.
The flash PMIs show developed economies regaining momentum, despite rate hikes
Choosing the right lender, and subsequently looking out for ways to reduce the burden of the home loan through lower interest rates, is crucial.
The Parliamentary Standing Committee on Finance that is vetting the new Companies Bill is likely to make a key proposal for easing the liquidity crunch in the corporate bond market.
The bank rate, which has been defunct for nearly a decade, has been revised by the RBI to 9.5% from the 6% earlier. The RBI says, this is a purely technical move and has no monetary policy implications at all, reports CNBC-TV18’s Latha Venkatesh.