Emi

  • Allow loans on credit cards but tell customers how much EMI to pay: RBI to banks October 10, 2013

    The Reserve Bank on Wednesday said it did not have any problem with banks offering loans to credit cardholders while purchasing goods or services but there needs to be transparency with the process. "There is no ban on giving loans on credit cards. Don't charge 12 per cent actually and claim...
  • RBI bans zero per cent interest rate scheme for purchase of consumer goods September 25, 2013

    The RBI on Wednesday banned zero per cent interest rate scheme for purchase of consumer goods, a move intended to protect customers but may dampen the festive spirit. The central bank has also said that no additional charges can be levied on payment through debit cards. "In principle, banks should not resort...
  • Link disbursal of home loans to stages of construction: RBI to banks September 4, 2013

    The Reserve Bank on Tuesday asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of "innovative" housing financing schemes. "In view of the higher risks associated with such lump-sum disbursal of sanctioned housing loans and customer suitability...
  • BlackBerry announces EMI schemes for BlackBerry Z10, Curve 9220 May 24, 2013

    New Delhi: Smartphone maker BlackBerry announced easy monthly instalment (EMI) schemes for its two models - BlackBerry Z10 and BlackBerry Curve 9220 - starting this weekend. "Customers can now buy the BlackBerry Z10 via their credit cards by paying an EMI of Rs 4,799 per month for nine months," BlackBerry...
  • Nissan offers up to 40 per cent lower EMI options April 15, 2013

    Mumbai: Japanese car maker Nissan has launched a new financing scheme that offers easier repayment options to car buyers, which can result in up to 40 per cent drop in EMIs, in its bid to perk up falling demand due to weak consumer sentiment. "Market conditions are not good in...
  • Apple rethinks its strategy for India February 25, 2013

    New Delhi: As BlackBerry launches the first smartphone from its make-or-break BB10 line in India, one of its most loyal markets, the company faces new competition from a formidable rival that has long had a minimal presence in the country. More than four years after it started selling iPhones in India,...
  • EMIs to come down, banks will cut lending rates January 29, 2013

    Mumbai: Borrowers can now look forward to their Equated monthly Instalment (EMIs) coming down soon as leading bankers on Tuesday said they will pass on the benefit of the Reserve Bank of India reducing its short-term lending rate and cash reserve ratio to customers. Bankers, however, did not say by...
  • RBI credit policy: 'Big rate cut unlikely' October 30, 2012

    All eyes are on the Reserve Bank of India on Tuesday as it reviews its credit policy. It is up against stubborn inflation. Will we see a cut in interest rates? CNBC-TV18's banking editor Lata Venketesh tells us what to expect. ...
  • Keep EMIs affordable, cut interest rates: PC August 18, 2012

    New Delhi: In a bid to revive investment across the board, Finance Minister P Chidambaram on Saturday asked banks to cut interest rates and keep EMIs at affordable levels to encourage sale of consumer durables that will restart the engine of manufacturing. After a review meeting with the chiefs of public...
  • RBI's unexpected bonanza, EMIs to fall April 17, 2012

    New Delhi: After three years and 13 consecutive rate hikes, the RBI has finally reversed the gear. In a surprise move, the RBI cut the repo rate - at which it lends to banks - by half a per cent. It is a strong signal to banks to cut interest...
  • Highlights: RBI Monetary Policy 2012-2013 April 17, 2012

    Mumbai: The following are the highlights of the Annual Monetary Policy for 2012-13 announced by the Reserve Bank of India (RBI) Governor D Subbarao on Tuesday: * Short term lending rate (repo) lowered by 0.50 per cent to 8 per cent. *...
  • EMI sues digital music service Grooveshark January 6, 2012

    New York: Grooveshark has been sued by the large record company EMI Group Ltd, which accused the popular digital music service of paying no royalties since entering a licensing agreement to stream music nearly three years ago. EMI, which brought the world such acts as the Beatles and Coldplay and is...
  • Now, no pre-payment penalty on housing loans October 20, 2011

    New Delhi: There is good news for millions of house owners, who have acquired their homes on EMIs, before Diwali. The housing finance regulator, National Housing Bank, has banned the levy of pre-payment penalty. As per the new norm, there will be no penalty charges even if the pre-payment is made through...
  • Expect higher EMIs, deposit rates in 2-3 weeks September 16, 2011

    The Reserve Bank of India may hike rates again in October if inflation doesn't moderate. ...
  • Apple nears music deal with major labels May 21, 2011

    Los Angeles: Apple Inc. is close to securing deals with all four major recording companies on a music service that will allow users to stream songs stored on remote computer servers, presumably to an array of portable Apple-made devices, a person familiar with the matter said Friday. Such a service would...
  • Website to pay $950,000 for Beatles piracy March 29, 2011

    Los Angeles: The owners of a California Web site that sold Beatles songs for 25 cents each before they went on sale legally through iTunes have agreed to pay the band's EMI Group label $950,000 to settle a copyright infringement lawsuit, court papers showed on Monday. A federal judge ruled last...
  • EMIs on home and auto loans likely to go up September 16, 2010

    New Delhi: The Reserve Bank of India (RBI) is set to signal higher interest rates in the credit policy on Thursday. But your equated monthly installments (EMIs) are not likely to go up till Diwali. The RBI is all set to announce its first-ever mid-quarter review of its policy rates,...
  • Shopkeepers make it easy, now buy gold on EMIs October 19, 2009

    Bhopal: With the prices of gold spiraling fast and steadily out of control, the metal has become an even more attractive investment option. But for those who think paying rupees sixteen thousand per ten grams at one go is too steep an amount, there are options in the market. Equated monthly installments...
  • Bangalore hospital starts EMI scheme for cancer cure September 24, 2009

    Bangalore: The Healthcare Global Hospital in Bangalore is offering cancer treatment on EMI, and that too without interest. The scheme has come as a boon for many cancer patients and their relatives who found treatment for cancer expensive. "We will not be able to afford this treatment. It was very difficult to...
  • Watch: After house, cars now buy jeans on EMI August 25, 2009

    Levis has come up with a new offer for all the jeans lovers. ...
  • State-run banks may resist govt's bigger rate cuts appeal June 19, 2009

    Mumbai: Banks are likely to resist mounting government pressure to sharply cut rates as they grapple with expensive deposits raised at the height of the credit crisis and rising bond yields. India's newly elected government wants its banks to lend more and cheaply to boost economic growth, following other Asian...
  • How good is fixed cum floating interest rate loan? May 5, 2009

    Borrowers always find it difficult to choose between a fixed rate loan and floating rate loan, and in recent years, they have to consider one more option -- fixed floating rate loan. In this loan type, the interest rate is fixed for an initial period, which later gets converted to a...
  • How the bank calculates loan eligibility? March 21, 2009

    The amount you can borrow depends on how much you can afford to repay per month in EMIs or Equated Monthly Instalments. What the bank calculates is 'how much you can afford to repay'. Here is how they do it: Step 1 A bank will start by looking at your income statement (salary...
  • I defaulted on my EMI five times; what happens now? February 18, 2009

    When taking a loan from bank, you commit yourself to make monthly payments. If you default, not only do you pay late payment charges but also run the risk of hurting your financial health in the long run. One such reader has defaulted his EMIs not once but five times....
  • Too broke to pay back your loan? February 11, 2009

    These days, securing a loan is easy. Repayment is the tough bit. And when you don't repay on time, the recovery agent may come knocking at your door. You might have read newspaper reports on how they 'tackle' those who default. But what if you have a 'genuine' reason for defaulting...
  • How to lower your home loan EMI: Bargain! December 13, 2008

    The Reserve Bank of India, on Saturday, lowered the repo rate (rate at which RBI lends money to other commercial banks) by 100 basis point from 7.5 per cent to 6.5 per cent. Following this, ICICI Bank announced a reduction in its home loan rate from 13 per cent to 11.5...
  • Filmi Fiscal: Critics didn’t bother to review Deshdrohi November 18, 2008

    Last Friday was the 'D day' at the Box Office. Three films with the letter 'D' released at the Box Office - Dostana, Dasvidaniya and Deshdrohi. ...
  • Wealth Spl: Switch home loan; save Rs 8 lakh November 13, 2008

    Interest rates have finally cooled off a bit, with the RBI bringing down the CRR and repo rates recently. Some banks have already announced rate cuts on loans and few others are following suit. So, does it make financial sense to close your high cost home loan and shift to another...
  • Filmi Fiscal: The BO story of Bond and 2 Bollywood duds November 18, 2008

    The box office is glad that James Bond is back because Bollywood has only duds this week. Here's a look at which films worked and which didn't. ...
  • Masand's verdict: Ek Vivaah Aisa Bhi | EMI November 8, 2008

    You'd think a film about a subject as relevant as taking loans and struggling to pay them back would make for an interesting film. And particularly so at a time when the world's facing a financial meltdown. ...