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August 17, 2025, 02:39 PM - 3 min read
The bank’s revision came after the Reserve Bank of India’s (RBI) decision to keep its repo rates unchanged at 5.55 per cent in the August 2025 Monetary Policy meeting
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June 11, 2025, 03:36 PM - 3 min read
In a major judgment that has shaped real estate disputes, the Supreme Court has ruled that developers are not responsible for paying interest on personal bank loans taken by homebuyers even if there is a delay in handing over possession of the property. However, developers are still liable to refund the principal amount along with interest for the delay.
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September 24, 2024, 08:42 AM - 2 min read
Home loan originations dropped 9% in the June quarter, while outstanding home loan balances grew at their slowest rate of 14% amid tighter credit supply, as lenders showed increased reluctance to extend loans, particularly to new-to-credit customers, according to a Transunion Cibil report.
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March 30, 2024, 10:21 AM - 2 min read
The revised regulations mandate that financial institutions cannot charge penalties in the form of additional interest rates for non-payment of Equated Monthly Installments (EMIs) or loan repayments. However, they retain the ability to levy penal charges, albeit in a reasonable and transparent manner.
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