Interest rates on retail loans, including home loans, have started increasing as banks revise their marginal cost of lending rate (MCLR). While home loans are linked to the repo rate, other loans are not. SBI has raised its auto loan rates from 8.65% to 8.85% for clients with high credit scores. Bank of Baroda has increased auto loan rates to 8.8% and reintroduced processing fees. Union Bank of India and IDFC First Bank have also hiked rates on auto and personal loans. Bank of Maharashtra reduced its home loan interest rates to 8.35%.
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Apple CEO Tim Cook may have hinted at iPhone price hike, here's what he said
Apple's CEO, Tim Cook, has indicated that rising computer memory costs are increasingly impacting the company's finances. While Apple absorbed initial increases, significantly higher expenses are expected from the June quarter onwards. This situation, coupled with supply chain issues for advanced processors affecting Macs, suggests potential price hikes for consumers as Apple explores various options. from Times of India https://ift.tt/rnhcE7O via IFTTT
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