As pre reports, recently the Reserve Bank of India (RBI) have called all the banks to surrender the pre-payment charges related with the suspended home loan rates.

After the Reserve Bank of India declared an increase of a 25-basis point in key rates, cost of housing will likely go up as developers will now have to pay more interest on the borrowed money.

Sources near to the development stated that the Reserve Bank of India (RBI) is likely to come out with concluding guidelines for novel banking licenses by the next two weeks.

The country's food inflation sped up to a three-month peak, exerting pressure on the Reserve Bank of India (RBI) to augment rates of interest amid the risk of a worldwide slump.