Finance
State Bank of India has reduced its car loan interest rates by 0.05%, or 05 basis points with effect from Monday, February 10, 2020. This interest rate cut will decrease the cost of funds for those people who want to avail auto loans for buying their new cars.
Bank of Baroda (BOB) has increased its Benchmark Prime Lending Rate by 0.10%, or 10 basis points with effect from Tuesday, January 01, 2019. This interest rate hike will raise the cost for those people who have taken their loans on floating rate of interest.
Bank of Baroda has reduced its One Year MCLR Base Rate or the minimum lending rate by 0.05%, or 05 basis points with effect from Wednesday, December 11, 2019. Bank of Baroda has revised its One Year MCLR Base Rate from 8.30 percent to 8.25 percent per annum.
Government of India has increased the basic personal income tax exemption limit from ₹250,000 to ₹250,000 for Financial Year 2019-2020 and Assessment Year 2020-2021. The new income tax rates or income tax slabs are effective from April 01, 2019.
The Government of India has increased basic personal income tax exemption limit from Rs. 1,500 for the Financial Year 1947-1948 and Assessment Year 1948-1949 to Rs. 250,000 for the Financial Year 2020-2021 and Assessment Year 2021-2022.
Government of India has not revised the basic personal income tax exemption limit from ₹250,000 for the Financial Year 2020-2021 and Assessment Year 2021-2022. The new income tax rates or income tax slabs are effective from April 01, 2020.
Mrs. Nirmala Sitharaman, the Finance Minister of India, delivered her budget speech while presenting the Union Budget of India, also called the Indian General Budget, for the Financial Year 2020-2021 on Saturday, February 01, 2020 in New Delhi.
Citibank India has decreased its car loan interest rates by 0.20%, or 20 basis points with effect from Tuesday, January 07, 2020. This interest rate cut will reduce the cost of funds for those people who want to avail auto loans for buying their new cars.
Citibank India has decreased its Benchmark Prime Lending Rate by 0.10%, or 10 basis points with effect from Tuesday, January 07, 2020. This interest rate cut will decrease the cost for those people who have taken their loans on floating rate of interest.
ICICI Bank Ltd has decreased its education loan interest rates by 0.25%, or 25 basis points with effect from Wednesday, January 01, 2020. This interest rate cut will reduce the cost of funds for those people who want to avail education loans for their higher studies.