Editorji is a popular short video news and information platform based in India. It was founded in 2018 by Vikram Chandra, one of India’s leading journalists, and has risen to prominence in the digital news space in a relatively short span of time. The platform is primarily designed for mobile devices, with applications available for Android and iOS.

ABOUT US:

about us editorji

Latest Video News: Editorji provides the latest news video headlines, latest videos clip from India and the World. Get all breaking news videos on Entertainment, Business, Coronavirus, Elections, Politics and more.

Latest Video News, Breaking News, Bollywood, Political, Sports, Business News | Editorji

+91 11 4035 6666 / info@editorji.com
3rd floor, Plot B, Khasara no 360, Sultanpur, New Delhi, Delhi 110030
<a title="mail to us" href="mailto:info@editorji.com">Send Feedback</a>
<a title="Contact Us" href="mailto:info@editorji.com">Contact Us</a>

REACH US

Contact for any questions, suggestions, comments, feedback or advertisement on Editorji.com, we are always looking forward to hearing from you.

Contact Us for Feedback, Suggestions and Advertising 

Editorji content is better experienced in our app.

The choice to increase the MCLR aligns with the ongoing position of the monetary policy committee, headed by RBI Governor Shaktikanta Das, which has upheld the repo rate at 6.5% consistently since December 8, 2023, marking the fifth consecutive occas

Your loan EMIs get more expensive as SBI raises lending rates by up to 10 basis points

The choice to increase the MCLR aligns with the ongoing position of the monetary policy committee, headed by RBI Governor Shaktikanta Das, which has upheld the repo rate at 6.5% consistently since December 8, 2023, marking the fifth consecutive occasion.

<h2>The choice to increase the MCLR aligns with the ongoing position of the monetary policy committee, headed by RBI Governor Shaktikanta Das, which has upheld the repo rate at 6.5% consistently since December 8, 2023, marking the fifth consecutive occasion.</h2>

State Bank of India hiked its marginal cost of funds-based lending rate (MCLR) by 5-10 basis points across selected tenures. This move is set to have a direct impact on borrowers, potentially leading to an increase in the equated monthly instalments (EMIs) for various loans, including home and auto loans.
The decision to raise the MCLR follows the recent stance of the monetary policy committee (MPC), chaired by RBI Governor Shaktikanta Das, maintaining the repo rate at 6.5% for the fifth consecutive time since December 8, 2023.
With this adjustment, borrowers in the process of applying for new loans will be subject to increased lending rates. Additionally, existing borrowers will experience higher EMIs on their loans, taking into account the reset period associated with MCLR-based loans.
Effective immediately, the revised MCLR rates unveiled by SBI are as follows: 8.20% for a 1-month tenure, 8.20% for a 3-month tenure, 8.55% for a 6-month tenure, 8.65% for a 1-year tenure, 8.75% for a 2-year tenure, and 8.85% for a 3-year tenure. However, the overnight tenure remains steady at 8.00%.
This increase in rates underscores the evolving dynamics of the lending landscape, impacting the affordability of borrowing for consumers and potentially affecting their financial planning. Also Watch:<a href="https://www.editorji.com/business-news/rbi-monetary-policy-december-2023-1702010117722#google_vignette"> RBI Monetary Policy December 2023: Repo rate left unchanged at 6.5% for the fifth time</a>

asds

24*7 Salary and EMI payments:&nbsp;The National Automated Clearing House (NACH) is a bulk payment system used by banks to transfer salaries and pensions, dividends and interest will now be accessible around the clock.&nbsp;
ATM cash withdrawals to cost more: After 9 nine years the RBI&nbsp;hiked interchange fees effective August 1, which will lead to higher charge on ATM&nbsp;cash withdrawals after the first four that still remain free.&nbsp;
Change in Post Office charges:&nbsp;Those who hold an account with the India Post Payments Bank (IPPB), will have to pay more to use the doorstep services. The bank currently has no charge for these services, but from August 1, it will start charging&nbsp;₹20 (plus GST) for each such request.&nbsp;
ICICI bank revises charges: Services charges across&nbsp; the board to be hiked for this private bank with effect from August 1


Changes from August 1 that affect your money; Here are the details

Your salary will not be delayed due to a bank holiday anymore, Click to know all the changes from August 1 that affect your money and finances.&nbsp;

Big Changes from August 1

ATM&nbsp;charges, to salary credit changes from RBI&nbsp;norms are set to affect your banking operations from August 1.&nbsp;

&nbsp;
<ul>
<li>24*7 Salary and EMI payments:&nbsp;The National Automated Clearing House (NACH) is a bulk payment system used by banks to transfer salaries and pensions, dividends and interest will now be accessible around the clock.&nbsp;</li>
<li>ATM cash withdrawals to cost more: After 9 years the RBI&nbsp;hiked interchange fees effective August 1, which will lead to higher charge on ATM&nbsp;cash withdrawals after the first four that still remain free.&nbsp;</li>
<li>Change in Post Office charges:&nbsp;Those who hold an account with the India Post Payments Bank (IPPB), will have to pay more to use the doorstep services. The bank currently has no charge for these services, but from August 1, it will start charging&nbsp;₹20 (plus GST) for each such request.&nbsp;</li>
<li>ICICI bank revises charges: Services charges across&nbsp; the board to be hiked for this private bank with effect from August 1</li>
</ul>

Samsung has announced cashback offers on its Galaxy S21 series, with up to ₹10,000 off on the flagship S21 Ultra smartphone.

Samsung cashback offers gives up to ₹10,000 off on the S21 Ultra

Samsung has announced cashback offers on its Galaxy S21 series, with up to ₹10,000 off on the flagship S21 Ultra smartphone. Moreover, the S21+ is being offered with a cashback of ₹7,000, and the S21 with a cashback of ₹5,000. The cashback offer also extends to Galaxy A, M, and F series, and is available to customers on EMI transactions using HDFC Bank Credit and Debit cards.

Loan moratorium 'extendable' by two years: Govt to SC

PTI, New Delhi: The Centre and RBI Tuesday told the Supreme Court that the moratorium period on repayment of loans amid the COVID-19 pandemic is &ldquo;extendable&rdquo; by two years.
Solicitor General Tushar Mehta, appearing for the Centre and the Reserve Bank of India (RBI), told a bench headed by Justice Ashok Bhushan that several steps have been taken for stressed sectors and the economy has contracted by 23 percent due to the pandemic.
The bench said that it would hear on Wednesday the pleas which have raised the issue of interest being charged on instalments which have been deferred under the central bank's scheme during the moratorium period amid the COVID-19 lockdown.
The apex court had earlier asked the Centre and the RBI to review the move to charge interest on deferred EMIs during the moratorium period.

The Centre and RBI&nbsp;on Tuesday told the Supreme Court that the moratorium period on repayment of loans&nbsp;is 'extendable' by two years. Solicitor General Tushar Mehta&nbsp;told the apex court that several steps have been taken for stressed sectors, while citing the 24% contraction in the economy. This came a day after the moratorium on loan repayments&nbsp;ended.

PTI, New Delhi: The Centre and RBI Tuesday told the Supreme Court that the moratorium period on repayment of loans amid the Covid-19 pandemic is &ldquo;extendable&rdquo; by two years.
Solicitor General Tushar Mehta, appearing for the Centre and the Reserve Bank of India (RBI), told a bench headed by Justice Ashok Bhushan that several steps have been taken for stressed sectors and the economy has contracted by 23 percent due to the pandemic.
The bench said that it would hear on Wednesday the pleas which have raised the issue of interest being charged on instalments which have been deferred under the central bank's scheme during the moratorium period amid the Covid-19 lockdown.
The apex court had earlier asked the Centre and the RBI to review the move to charge interest on deferred EMIs during the moratorium period.

emis

Categories