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    Vidyakul App becomes the key to success with its students in Std. 10 and 12 passing with flying colours in Gujarat

    Vidyakul App becomes the key to success with its students in Std. 10 and 12 passing with flying colours in Gujarat

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    Gujarat CM felicitates family members of organ donors

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    Gujarat CM launches 17th edition of Shala Praveshotsav from Memadpura primary school in Banaskantha

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    Blackk & One Sports Foundation organizing Yonex – Sunrise Gujarat State Badminton Championship 2022

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    Drishti Issues Advisory for coast of Goa for the Monsoon Months of June to September

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    Prawaas 3.0 – India’s flagship event on Public Transport to be held in Hyderabad from August 4-6

    NSDL’s Market Ka Eklavya-Express Program reaches over 4,000 students across 75+ cities covering all States of India

    NSDL’s Market Ka Eklavya-Express Program reaches over 4,000 students across 75+ cities covering all States of India

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    MG Motor India presents Hector and ZS EV to ITIs in Gujarat to strengthen skill development

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    Seagull Advertising the start-up brand launch accelerator of Pune

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    GO FIRST announces new direct flights to Kuwait and Muscat from Kochi

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    Springfit announces Kareena Kapoor Khan as its Brand Ambassador

    Springfit announces Kareena Kapoor Khan as its Brand Ambassador

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    Vitesco Technologies Expert Appointed as Member of the Sustainable Finance Advisory Committee of the Federal German Government

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    Avtar Sets on a Mission to transform 1,00,000 companies to Equitable Workspaces

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    India’s leading diversity job portal, announced the third edition of its free virtual job fair for women

    ETIHAD AIRWAYS LAUNCHES THREE NEW OFFERS FOR GUESTS TO ENJOY THEIR STOPOVER IN ABU DHABI

    ETIHAD AIRWAYS LAUNCHES THREE NEW OFFERS FOR GUESTS TO ENJOY THEIR STOPOVER IN ABU DHABI

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    Acer refreshes its bestselling Aspire 7 Gaming laptop with 12th Gen Intel® Core™ processor at a price of Rs 62,990

    Acer refreshes its bestselling Aspire 7 Gaming laptop with 12th Gen Intel® Core™ processor at a price of Rs 62,990

    545 students from Aakash+BYJU’S achieve stupendous results in KVPY national fellowship program 2021

    545 students from Aakash+BYJU’S achieve stupendous results in KVPY national fellowship program 2021

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    India’s leading diversity job portal, announced the third edition of its free virtual job fair for women

    101 students from Aakash+BYJU’S qualify Mukhyamantri Vigyan Pratibha Pariksha (MVPP) 2022

    101 students from Aakash+BYJU’S qualify Mukhyamantri Vigyan Pratibha Pariksha (MVPP) 2022

    Kshitiz Sharma, a student of Aakash+BYJU’S from Chandigarh branch tops Himachal Pradesh Board of Secondary Education (HPBOSE); scores 98.6%

    Kshitiz Sharma, a student of Aakash+BYJU’S from Chandigarh branch tops Himachal Pradesh Board of Secondary Education (HPBOSE); scores 98.6%

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    Vidyakul App becomes the key to success with its students in Std. 10 and 12 passing with flying colours in Gujarat

    Vidyakul App becomes the key to success with its students in Std. 10 and 12 passing with flying colours in Gujarat

    Gujarat CM felicitates family members of organ donors

    Gujarat CM felicitates family members of organ donors

    Gujarat CM launches 17th edition of Shala Praveshotsav from Memadpura primary school in Banaskantha

    Gujarat CM launches 17th edition of Shala Praveshotsav from Memadpura primary school in Banaskantha

    Blackk & One Sports Foundation organizing Yonex – Sunrise Gujarat State Badminton Championship 2022

    Blackk & One Sports Foundation organizing Yonex – Sunrise Gujarat State Badminton Championship 2022

    Drishti Issues Advisory for coast of Goa for the Monsoon Months of June to September

    Drishti Issues Advisory for coast of Goa for the Monsoon Months of June to September

    Prawaas 3.0 – India’s flagship event on Public Transport to be held in Hyderabad from August 4-6

    Prawaas 3.0 – India’s flagship event on Public Transport to be held in Hyderabad from August 4-6

    NSDL’s Market Ka Eklavya-Express Program reaches over 4,000 students across 75+ cities covering all States of India

    NSDL’s Market Ka Eklavya-Express Program reaches over 4,000 students across 75+ cities covering all States of India

    MG Motor India presents Hector and ZS EV to ITIs in Gujarat to strengthen skill development

    MG Motor India presents Hector and ZS EV to ITIs in Gujarat to strengthen skill development

    Seagull Advertising the start-up brand launch accelerator of Pune

    Seagull Advertising the start-up brand launch accelerator of Pune

    GO FIRST announces new direct flights to Kuwait and Muscat from Kochi

    GO FIRST announces new direct flights to Kuwait and Muscat from Kochi

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    Springfit announces Kareena Kapoor Khan as its Brand Ambassador

    Springfit announces Kareena Kapoor Khan as its Brand Ambassador

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    Vitesco Technologies Expert Appointed as Member of the Sustainable Finance Advisory Committee of the Federal German Government

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    Avtar Sets on a Mission to transform 1,00,000 companies to Equitable Workspaces

    India’s leading diversity job portal, announced the third edition of its free virtual job fair for women

    India’s leading diversity job portal, announced the third edition of its free virtual job fair for women

    ETIHAD AIRWAYS LAUNCHES THREE NEW OFFERS FOR GUESTS TO ENJOY THEIR STOPOVER IN ABU DHABI

    ETIHAD AIRWAYS LAUNCHES THREE NEW OFFERS FOR GUESTS TO ENJOY THEIR STOPOVER IN ABU DHABI

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    Acer refreshes its bestselling Aspire 7 Gaming laptop with 12th Gen Intel® Core™ processor at a price of Rs 62,990

    Acer refreshes its bestselling Aspire 7 Gaming laptop with 12th Gen Intel® Core™ processor at a price of Rs 62,990

    545 students from Aakash+BYJU’S achieve stupendous results in KVPY national fellowship program 2021

    545 students from Aakash+BYJU’S achieve stupendous results in KVPY national fellowship program 2021

    India’s leading diversity job portal, announced the third edition of its free virtual job fair for women

    India’s leading diversity job portal, announced the third edition of its free virtual job fair for women

    101 students from Aakash+BYJU’S qualify Mukhyamantri Vigyan Pratibha Pariksha (MVPP) 2022

    101 students from Aakash+BYJU’S qualify Mukhyamantri Vigyan Pratibha Pariksha (MVPP) 2022

    Kshitiz Sharma, a student of Aakash+BYJU’S from Chandigarh branch tops Himachal Pradesh Board of Secondary Education (HPBOSE); scores 98.6%

    Kshitiz Sharma, a student of Aakash+BYJU’S from Chandigarh branch tops Himachal Pradesh Board of Secondary Education (HPBOSE); scores 98.6%

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Good news for the new financial year ! Now you can get cheap home loan from here

NewsMonks by NewsMonks
1 year ago
in Economy, Finance
1 min read
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Extension of Credit Link Subsidy Scheme Under Pradhan Mantri Awas Yojana- Urban till 31st March 2021
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The new financial year has brought a lot of good news for those who have taken loans from Non Banking Financial Institutions (NBFCs) or Micro Finance Institutions (MFIs). Such customers will have to pay less interest from the first quarter of 2021-22. It will also benefit new customers and old customers who have taken out a loan at a floating rate, such as a home loan.

The Reserve Bank of India has announced a new average base rate. This is the average base rate of the 5 largest commercial banks in the country. The average base rate of these banks has declined by 0.15 per cent for the quarter ended March 31, 2021. Earlier, the rate was 7.81 per cent. The average base rate has dropped to about 1.40 percent in the last two years. Which was 9.21 per cent as on June 30, 2019.

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The Reserve Bank releases these figures at the end of each quarter. Which acts as a benchmark rate for NBFCs and MFIs. Interest rates are generally higher for NBFCs and MFIs. Due to which the Reserve Bank has made this special arrangement. The RBI announces the average base rate of 5 large commercial banks, which is the benchmark rate for NBFCs and MFIs.

VR Sunil Gohil

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