Loans to get costlier
People planning to go for a home or an auto loan just wait and watch. As per the ENS Economic Bureau, though the Central bank (RBI) of India’s annual monetary policy review is only three weeks away,...
View ArticleSeveral relaxations by RBI to benefit NRIs
According to the ENS Economic bureau, The Reserve Bank of India on Thursday announced several relaxations in the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India)...
View ArticleRBI applies brakes to curb gold loan boom
To curb growth of gold loans, the RBI directed non-banking finance companies in the business to restrict the loan size to 60 per cent of the value (called Loan-to-Value) of gold jewellery. This means...
View ArticleIIFCL Plans for 9,215 crore through tax-free bonds
India Infrastructure Finance Company Ltd (IIFCL) announced plans to raise as much as Rs 9,215 crore through tax-free bonds. IIFCL chairman and managing director, SK Goel said, “We plan to raise Rs...
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