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Navelle Walker writes about mis sold ppi and other financial products for UK based company ppirefundsuk.co. He also lifts the lid on unfair loan charges and the financial claims niche generally, as well as writing pieces on personal finance, house sales, repossession and business finance.
The RBI increased the repo and reverse repo Wholesale Christian Dvorak Jersey , the rates at which it lends to and borrows short-term money from banks, by 25 basis points. It hiked the cash reserve ratio (CRR), the portion of money that commercial banks deposit with the central bank, by an identical percentage. The move was to draw out Rs 12 Wholesale Richard Panik Jersey ,500 crores from the system. The hike in the repo and reverse repo rates, to 5.25 and 3.75 percent respectively, will raise the cost of funds for lenders.