STI NEWS;"Repo and Reverse Repo rates increased Saving bank Interest deregulated"plus 2 more

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• Repo and Reverse Repo rates increased Saving bank Interest deregulated
• This diwali, give yourself nothing but the best deal!
• Ask your builder for a freebie this festive season!

Repo and Reverse Repo rates increased Saving bank Interest deregulated Posted: 25 Oct 2011 02:41 AM PDT 1. RBI has increased Repo and Reverse Repo rates by 25 bps in the credit policy. 2. Besides that, RBI has also deregulated interest rates on Savings bank accounts. Currently, banks pay interest rate of 4% on the savings bank accounts. Post this deregulation, the interest rates on Savings bank accounts bound to move up. This can have quite serious implications on the profitability of the banking

This diwali, give yourself nothing but the best deal! Posted: 25 Oct 2011 01:43 AM PDT The last couple of quarters have been tough for retailers and consumers both because of high inflation and interest rates. The growth has slowed down and IIP numbers are disappointing. Festival season is a good time for the retailers to appeal to customers with discounts and schemes. The consumers too look forward to avail the discounts on offer. The festival season is considered auspicious for...

Ask your builder for a freebie this festive season! Posted: 25 Oct 2011 01:35 AM PDT The real estate industry has been suffering for the last couple of quarters because of a slump in demand, high rate of interest, and a plethora of environmental and land acquisition issues. Moreover, the global slowdown and European crisis has put a dent in the earnings of most of the companies. Real estate firms are facing a cash crunch because of low sales, increasing inventory costs and higher...

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