Category Archives: Personal Loan
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India to continue with interest rate increase on personal loans: FM
India will continue withdrawing economic stimulus introduced during the financial crisis and carry on increasing interest rates on personal loans despite uncertainty associated with euro zone’s debt problems, finance minister said. Pranab Mukherjee said that a worsening debt crisis in Europe could affect India’s and other emerging economies’ exports and growth, but this risk was… Read More »
RBI deputy says rates set to increase further; personal loans set to become costlier
The Reserve Bank of India (RBI) will continue on its path of the monetary policy tightening measures and interest rates will go up in the coming months, according to the statement made by deputy governor Subir Gokarn. This is likely to make personal loans more expensive.
Bank loans including personal loans increase by 17% as on April 9
Bank loans including personal loans increased by 17% on year as on April 9, the apex bank’s weekly statistical supplement (WSS) stated. Deposits were hiked 16% from a year back. Outstanding loans went up by Rs. 8.26 billion ($186 million) to Rs. 32.41 trillion in the 2 weeks up to April 9.