With sharp deduction in the repo rates along with the cash reserve ratio many experts with in and outside the industry hopes for a fall in the lending rates of banks mainly in the home segments. According to the source of www.propertykhazana.com the Reserve Bank of India has made few corrections up to four times in both cash reserve and cash ratio to uplift the liquidity of the downed economy during the end of the last year.
Reduction in the repo rates reveals that the Reserve Bank will provide funds to the other commercial banks with comparatively lower rates as compared to the earlier fiscal years. And coming to the case of Cash reserve ratio, it is the deposit made in by the banks to the RBI. But recently RBI has reduced the amount of this Cash reserve and hence paved way for more liquidity in the market as per the source revealed at the www.propertykhazana.com.
Though this rates have been slashed down no further rate cuts in the lending has been observed, but still there is a hope among the experts for better lending rates by the banks in the near future. For more updates visit www.propertykhazana.com.
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