CRR cut by RBI: No change in home, auto loan EMIs
News from Times of India:

PTI | Jan 24, 2012, 04.08PM IST

MUMBAI: There is no immediate respite to home, auto and corporate loan borrowers in terms of their monthly equated instalments (EMIs) but with the RBI reducing the cash reserve ratio (CRR), banks will have more money to lend.

After the Reserve Bank of India unveiled the third quarterly review of the monetary policy, several bankers said that they may not go in for rate cut immediately.

However, a few like Oriental Bank of Commerce Executive Director S C Sinha said the CRR cut would “definitely lead to reduction in interest rates.”

Chairman of the Prime Minister’s Economic Advisory Council and former RBI Governor C Rangarajan said that as the primary injection of Rs 32,000 crore liquidity (through CRR cut to 5.5 per cent from 6 per cent) would have a multiplier effect, the…………… continues on Times of India

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Auto Loan Rate Terms and Conditions

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A wide variety of deposit accounts and loan options are provided at West Virginia Central Credit Union. Products like checking, savings, CDs and specialty investment options are what ground the credit union in their mission to aid members toward better financial balance. Fur…………… continues on Go Banking Rates

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