Base Rate

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Base Rate - Total results - 12
RBI push to link loans to repo rate will not bring cheers to home-loan borrowers; banks have again found a way not to fall in line
Business

RBI push to link loans to repo rate will not bring cheers to home-loan borrowers; banks have again found a way not to fall in line

If there was an expectation that the new repo-rate linked loan rate-setting mechanism will lower the EMI burden on borrowers, it has been proved wrong.

Bank of India cuts base rate to 9.65% effective Sep 30
Business

Bank of India cuts base rate to 9.65% effective Sep 30

Bank of India has cut the base or the minimum lending rate by 0.05 percent to 9.65 percent

New base rate regime is a firm message from Rajan to banks: No more tricks on common man
Business

New base rate regime is a firm message from Rajan to banks: No more tricks on common man

Rajan has had a tough time convincing banks to cut their lending rates taking the central bank’s rate signals

Base rate calculation guidelines for banks soon: RBI
Business

Base rate calculation guidelines for banks soon: RBI

The median base lending rates of banks have come down by about 60 basis points as against a 125-basis point policy rate reduction since January.

Why RBI policies have become an alien affair to the common man
Business

Why RBI policies have become an alien affair to the common man

Unless banks give up their greed for high margins and pass on the rate-benefit to common households, RBI policies will continue to be a non-event for the common man

Base rate calculation guidelines for banks soon: RBI
Business

Base rate calculation guidelines for banks soon: RBI

The Reserve Bank today said it will shortly announce methodology for determining the base rate taking into account the marginal cost of funds, a move aimed at ensuring that banks pass on policy rate cuts to borrowers.

The great Indian rate trick: How banks deny full benefit of RBI rate cut to the common man
Business

The great Indian rate trick: How banks deny full benefit of RBI rate cut to the common man

RBI rate cut is useless for the common man unless banks stop playing the margin game and pass the full benefit of the RBI rate actions to the end-consumer

ICICI Bank cuts lending rate by 0.35% but also increases spread
Business

ICICI Bank cuts lending rate by 0.35% but also increases spread

Almost all the major banks in the system have cut their base rates since the RBI's surprise 0.50 percent cut in the repo rate last Tuesday

Kudos to Rajan: RBI move on base rate will make loan pricing more transparent
Business

Kudos to Rajan: RBI move on base rate will make loan pricing more transparent

The changes suggested will make banks more responsive to the rate signals from the Mint Street and put in place some fair rules when it comes to pricing of credit

Union Bank hikes base rate to 10.25%, ups rate for NRE deposits
Business

Union Bank hikes base rate to 10.25%, ups rate for NRE deposits

Union Bank of India today became the second state-run lender after the Reserve Bank's liquidity tightening moves, to increase its lending rate by 25 basis points to 10.25 percent.

Banks would rather lend to govt than give you cheaper loan
Business

Banks would rather lend to govt than give you cheaper loan

While newspapers have gone to town trying to tell you and me that interest rates are falling, nothing like that has happened