Consumer loans may get expensive as RBI hikes risk weight by 25%
This excludes housing loans, education loans, vehicle loans, loans secured by gold and gold jewellery, and microfinance loans
This excludes housing loans, education loans, vehicle loans, loans secured by gold and gold jewellery, and microfinance loans
The central bank says non-adherence of Bajaj Finance to the extant provisions of digital lending guidelines of the Reserve Bank of India necessitated this action.
The repo rate hike could impact residential sales to some extent during the upcoming festive quarter, particularly in the affordable and mid-range housing segments, says Anuj Puri of ANAROCK.
This is the third consecutive rate hike and finally marks the end of the all-time best low-interest rates regime, says Anuj Puri of Anarock.
The auto dealers' lobby warns that high interest rates for vehicle loans will be an additional blow for the two-wheeler segment.
The repo rate hike will translate into higher EMIs for home loans, say industry experts.
BFL is developing five marketplaces -- EMI store, insurance, investment, health and broking app -- on the digital platform.