RBI Governor Shaktikanta Das.

Photo: The Hindu

Be Careful, Higher Internet Rate Means Higher Risk: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das on December 12 warned depositors of chasing higher returns. Mr. Das said higher interest rates are usually associated with higher risks. ''There are institutions which are offering higher internet rates which are viable but depositors should always be very careful,'' he added. However, he praised the government for increasing insurance cover from Rs one lakh to five lakh on deposits. 

Sun, 12 Dec 2021 - 08:44 PM / by Brijesh Goswami

Tags: RBI GOVERNOR, Higher Returns, Righer Risks, Interest Rates, Depositors

Union Bank of India

Photo: Business Standard

Union Bank Of India Reduces Home Loan's Interest Rate To 6.40%

Union Bank of India announced to decrease the interest rates of Home Loans on October 26, thereby becoming the most competitive in the industry. As per sources, the interest rate now starts at 6.40%, and will be effective from October 27. Furthermore, clients applying for new loans, or wishing to transfer existing loans, including balance transfer will be eligible under the new interest rate.read-more

Wed, 27 Oct 2021 - 04:11 PM / by Nehal Surana

Tags: Indian Banks, Bank, LOANS & INTERESTS, Home Loan, Interest Rates

HDFC to offer Home Loans at 6.7% this festive season!

Photo: Mint

HDFC To Offer Home Loans At 6.7% This Festive Season

Renu Sud Karnad, Managing Director of HDFC Ltd in a press release announced a close-ended scheme on all new home loan applications starting from September 20 to October 31 as part of a festive offer. The scheme can be availed based on the borrower's credit score. The interest rates charged will be as low as 6.7% regardless of the loan amount or employment category.

Tue, 21 Sep 2021 - 07:35 PM / by Muskan Arora

Tags: HDFC BANK, Home Loan, Interest Rates, PNB, SBI

Courtesy: Money Control