Home loans, auto loans and loans to businesses are set to get expensive with the Reserve Bank of India increasing its key policy rates by 25 basis points on Thursday. However, most banks are unlikely to increase rates before April-end and they may also not hike fixed deposit rates given the improvement in their funds position.
I was really taken aback to learn that this increase is the eight in the last twelve months....I am sure this is going to heart the common man even marginally to a certain extent who in looking for such loans...
