Loans may become cheaper as RBI cuts repo rate for third time in a row
NEW DELHI: The Reserve Bank of India (RBI) on Thursday reduced repo rate by 25 basis points (bps) to 5.75 per cent. This is the third straight reduction in the rates in 2019.
Gururaj Narayan • Bengaluru • 35 mins ago
Perhaps, it is Good news for borrowers, but not for depositors. FD return rates will come down further. Middle class and senior citizens will be financing the rich businessman.
Gururaj Narayan • 21 mins ago
Senior citizen needs special attention in the days of falling rate of interest.
Aditya Sengupta•Gururaj Narayan • 14 mins ago
It is very true that economy is going to decline only
All data are manipulated common man's savings are ripped apart
AROP • 44 mins ago
Well done RBI.
Naresh Kumar• 363 • AROP • 26 mins ago
this RBI is under control of Modi shah who are literally economic illeterates.. no offence but its reality..
Naresh Kumar • 17 mins ago
fool, you are commenting as if you did PhD in economics?
Gadkari • 31 mins ago
Chaiwalla PM and MA History postgraduate as RBI Governor. No wonder Unemployment is at 45 Year record.
Gadkari • Kalpathy East • 17 mins ago
Keep applying burnol. When your UPA was in power I was paying 10% interest on my house loan.
Savitha KL • Bangalore • 35 mins ago
RBI governor was erstwhile man in modi beauracracy who did demonetisation
Indian • 26 mins ago
This clearly show that country is moving forward to economic recession,. Modi hai to mumkin hai.
Rahul K Barnwal • Delhi • 39 mins ago
The more in heading would have been that the country''s economy is slowing down so the rate cut
Mithilesh Kumar • 15 mins ago
Loans may become cheaper but who will avail the loan? the Small and medium sector are afraid of taking loans and the bankers are afraid of giving loan because too much hounding of bankers for default and NPA as many of the bankers do not want to take risk. One can find out from any statistic that Banks credit portfolio is dipping.
Nitin • 18 mins ago
hahahaahahahahahaha. never gonna happen for existing loans. new ones may get cheaper.
abc def • 20 mins ago
There is something seriously wrong how our banks are cheating common people . While govt is reducing rates but banks are not transferring those to customers with existing running loans. My home loan interest rate with hdfc ltd has not reduced once even after 3 times rate cut but has been increased thrice over last 18 months. Who is enjoying with this money , bank shareholders but certainly not common people. Govt and rbi must intervene and ask these lenders to transfer the advantage to common people.
Iindian • 29 mins ago
gdp is falling unemployment at peak dont understand what makes rbi cut rates
Straight Bat • 34 mins ago
Car sales which had crashed should pick up now.
Nitin • 16 mins ago
unemployment at 45 year high. GDP growth at 5 year low.