Lending Rate

SBI cuts lending rates by 10 bps, new rates to be effective from tomorrow; rate reduction not applicable to repo-linked loans

State Bank of India (SBI) on Wednesday announced reduction in its marginal cost of fund-based lending (MCLR) rate by 10 basis points across all tenors, effective 10 October

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.

ICICI Bank lowers lending rates by 10 bps effective 1 September; lender's one-year MCLR come down to 8.55%

The second-largest private sector lender ICICI Bank has cut its lending rates by 0.10 percent across all maturities, sources said on Wednesday

RBI not done with easing; to cut interest rate again in October and early next year: Poll

The RBI cut rates by 35 basis points to 5.40% this week but maintained its “accommodative” policy stance, signalling further easing on concerns about weak economic growth and subdued inflation.

Bankers agree to take steps to review lending rate transmission: Finance Ministry

The finance ministry on Monday said banks have agreed to take steps to review lending rates as they have not "commensurately" transmitted to borrowers benefits of reduction in the policy rate by the RBI

Rupee not to go in for free-fall as RBI raising interest rate to avoid inflation, says former central bank governor Raghuram Rajan

The rupee crashed below the 72-mark to end at a life-low of 72.45 against the US dollar on growing fears of contagion from an emerging-market rout and escalation of a global trade war.

Monetary Policy today: Reserve Bank of India in a tight spot, is expected to raise rates again, say experts

In June, the repo rate or the benchmark lending rate was raised by the RBI for the first time in over four years, by 25 basis points to 6.25 percent.

Bank of Baroda raises lending rates by 5 bps across various tenures, effective 7 July

Bank of Baroda increased its one-year marginal cost of funds based lending rates (MCLR) to 8.50 percent.

RBI monetary policy review: Three reasons why MPC chose to hold repo rate at 6% on Wednesday

RBI considered first advance estimate for GVA growth that central statistics office (CSO) revised down to 6.1 percent for 2017-18

RBI may go in for 25 bps rate cut in April to signal lower lending rate regime, says BofAML report

RBI in its fifth bi-monthly review of this fiscal had kept repo rate unchanged at 6 percent and reverse repo at 5.75 percent