The RBI's monetary policy announcement on June 6 is expected to include a 25-50 bps cut in the repo rate, aligning with economists' expectations. This potential cut could lower home loan rates below 7.75%, benefiting both existing and new borrowers.
In December, watch out for RBI’s policy announcement. Then, update your Aadhaar for free, pay your advance tax and file belated tax returns to avoid penalties, among others. Watch here for more details - #rbi #reporate #tax #taxregime #taxregulations #finance #uidai #aadharcard
The private lender aims to cross Rs 2 trillion in mortgage disbursals by March 2020
Shares of State Bank of India and Housing Development Finance Corporation gained 1 percent each intraday Monday after both firms cut home loan interest rates with effect from today.