Bankers rule out immediate reduction in interest rates

Borrowers may not get an immediate reduction in EMIs (equated monthly instalments) on their home and personal loans even as the Reserve Bank of India announced a 0.25 per cent cut in repo rate on Tuesday. his is because banks are in the process of assessing the year-end liquidity conditions and await further signals from the RBI in the Annual Policy Statement next month before considering any decision on rates.

Read Full Story>>