Bank FDs have held out popularity even in this regime of declining rate of interest. These days rates between 5.5% and 6.5% are considered to be good
With the easing of restrictions and decline in cases, the fresh loan disbursements in the second quarter of FY 22 have reached the pre-Covid levels.
As of March 2021, two-wheeler loans had a portfolio outstanding of Rs 77,900 crores, growing at a rate of 10.6 % by value and 6.3 % by volume
Fixed deposits: Despite the crashing interest rates, FDs are the most preferred destination to park one’s hard-earned money.
If smooth implementation can be achieved, the bad bank can increase the robustness of the banking system by reducing NPA from their books.
Borrowers need to be careful while considering taking a loan due to low interest rates. A sweet home loan deal should not be sole trigger for buying.
Tyagi said that the cumulative investments by AIFs increased to around Rs 2 lakh crore from Rs 1.5 lakh crore, which was an increase of 33%
The report said in July credit card spends have gone up 19% (month-on-month) to Rs 74,900 crore, which is the highest in two years.
Home loans: The SBI offer is a first of its kind across the industry and the interest rate is the same up to Rs 75 lakh loan amount.
To apply for EV loan, you need some basic documents like PAN card and Aadhaar card.