Reduction in repo rate and its effect on the industry

This query is : Resolved

Rupinder Singh (Querist)
Follow

21 January 2015 Sir,

Recently RBI has reduced repo rate by .25 %.....kindly let me know how any company(enjoying c/c and TL facilities)can be benefited from it....Whether rate of interest charged by bank to C/C and TL should be reduced or not ?

Thanks

Rupinder

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

21 January 2015 In due course of time, the rates will be reduced. The experts are expecting that after BUDGET 2015, the rates will be lowered, may be from next financial year.

Rupinder Singh

Rupinder Singh (Querist)
Follow

21 January 2015 Sir,

RBI has recently reduced repo rate by .25%, will this reduction in repo rate has any implication in current financial year ?

Regards

Rupinder

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

21 January 2015 Please try to understand the Indian Economy as the Dynamic Continuous Process. There are cascading effects which take its own time to show the results of effects. Dont try to restrict your attention only to current financial year... It may or may not....one result the economy has shown imediately and that is Stock market zoomed by 150 nifty points on the news of reduction in repo rate

Rupinder Singh

Rupinder Singh (Querist)
Follow

21 January 2015 Sir,

Will the banks reduce interest rate on C/C and Term Loan which they are charging now ?if yes, when they will step forward to do that.

Regards

Rupinder

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

21 January 2015 it is anticipated that they will do it from next financial year.....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rajasekar

RAVINDRA KUMAR

ashvini tripathi

CA.Pinank Arvindbhai Shah

Shantaveeresh Manur

Subscribe Now

Reduction in repo rate and its effect on the industry

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA