Accommodation Times New Services Taking the real-estate industry by surprise, the announcement of RBI monetary policy remained largely uneventful. Following are certain highlights from the monetary declaration: The Reserve Bank of India kept the repo rate unchanged at 6.25%. Reserve repo rate is set at 5.75%. RBI kept short term lending rate unchanged. Retail
: MCLR
PNB bank makes home loans attractive for government staff
By Accommodation Times News Service The bank said it will offer loans to these segments without any processing or upfront fee and no documentation charges will be levied on them To cash in on the 7th Pay Commission payout to government employees, state-owned Punjab National Bank (PNB) is offering them home and
Housing Financers positive about passing benefits of rate cut to home buyers
By Accommodation Times News Services Reserve Bank of India (RBI) issued its first quarter monetary policy for the financial year 2016-17, with a positive start for current year, RBI Governor Raghuram Rajan announced the policy with a rate cut of 25 basis points from 6.75 per cent to 6.5 per cent. The
Realty industry welcomes RBI’s decision of reducing the repo rates by 25 bps
By Accommodation Times News Services Reserve Bank of India (RBI) issued its first quarter monetary policy for the financial year 2016-17, with a positive start for current year, RBI Governor Raghuram Rajan announced the policy with a rate cut of 25 basis points from 6.75 per cent to 6.5 per cent. On