Category Archives: Bank news

Bank Account Wrongly Charged? Here’s What You Can Do!

Due to the significant increase in banking fraud, RBI has now issued new rules to make electronic transactions safer for customers. Read on to know more.

MCLR Lending Rates Make Home Loans Cheap: Here Is What This Means For You

Banks are offering lower floating rates on Home Loans under MCLR post demonetisation. Switching your loan to MCLR may be a good idea. Read on to know more.

What Is Marginal Cost Of Funds Based Lending Rate?

In April 2016 the Reserve Bank of India introduced the Marginal Cost of Funds based Lending Rate (MCLR) calculation for setting the interest rate on loans. Here’s a quick read to refresh your understanding of it.

RBI Says ‘No Change’

Our central bank, the Reserve Bank of India (RBI), has decided to leave the interest rates of the country unchanged. How does this change things for you as a borrower and investor?