A clutch of banks, public and private, announced cuts in their marginal cost of funds-based lending rate (MCLR) on Wednesday, which will lower EMIs on eligible home loan accounts linked to MCLR.HDFC B...

State Bank of India (SBI) has raised the spread, or the risk premia, on its floating rate home loans that are linked to the repo rate, pushing up the effective rates on these loans even as it reduced ...

Mortgage financer LIC Housing Finance Ltd (LICHFL) on Thursday said it will reduce its lending rates to 7.5 per cent for new home buyers having a Cibil score of 800 and above. “The RBI has taken a n...

Interest rates on loans have fallen to decadal lows. The lowest advertised home loan rate at the moment is 7.95 per cent per annum. So, it is not just a good time to take new loans but also to make pr...

For some years, we’ve been seeing a slowdown in the real estate sector, symptomised best by mounting inventories around the country. The slowing down of credit in 2019 didn’t help the real estate ...

New, optional income-tax structure for individuals willing to forgo certain exemptions and deductions: 10% tax on incomes between Rs 5-7.5 lakh (now 20%); 15% on Rs 7.5-10 lakh (now 20%); 20% on Rs 10...

Fresh loans to homes, buy automobiles and MSMEs will get a special relief on the cash reserve ratio, which is the portion of bank deposits with the RBI. Bank will be allowed to deduct the equivalent o...

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Finance minister Nirmala Sitharaman said her new tax regime aims at simplifying income tax. I’m tempted to agree but would add that it puts the onus on you to understand which regime serves you bett...

The State Bank of India (SBI) on Monday announced a 25-basis-point cut in its external benchmark-based rate (EBR) that will make loans cheaper for home loan borrowers and MSME units.The reduction, whi...