Giving an impetus to the low-cost housing segment,RBI stated housing loans of up to Rs 35 lakh, for dwellings costing less than Rs 45 lakh, will be treated as priority sector lending (PSL). 

posted by Jawwad Kazi 20th Jun 2018

To defend its eligibility for benefits under the Generalized System of Preferences (GSP) programme, India is expected to challenge charges levelled against it by the U.S dairy and medical devices industries before the United States Trade Representative (USTR) office.

posted by Jawwad Kazi 20th Jun 2018

The Reserve Bank of India (RBI) is yet to mandate banks to allow customers who signed up for loans in the erstwhile ‘Base Rate’ regime and who are paying higher rates, to shift to the current ‘MCLR’ structure, which is  lower than the base rate.

posted by Jawwad Kazi 18th Jun 2018

India’s imports of Iranian oil may be hit from the end of August after the State Bank of India (SBI) informed refiners it would not handle payments for crude from November.

posted by Jawwad Kazi 16th Jun 2018

A new report shows that 55% of the total wealth in the country is with those having less than $1,00,000 net worth.

posted by Jawwad Kazi 16th Jun 2018