State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR)
Mortgage financer LIC Housing Finance Ltd (LICHFL) on Thursday announced to reduce its lending rates to 7.5 percent for new homebuyers having a CIBIL score of 800 and above
The country's largest lender SBI on Tuesday said it has cut savings rate by 0.25 percent to 2.75 percent on all deposits
PNB, IOB cut lending rates by 75 bps effective today; PSBs to pass on repo rate cut benefit to their customers
State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced a reduction in their lending rates linked to the repo rate by 75 basis points, effective 1 April
Indian Bank cuts various lending rates from 1 April; PSU lender reduces 1-year MCLR by 15 bps to 8.10%
Indian Bank on Monday announced a cut its lending rates following a 0.75 percentage point reduction in the repo rate by the Reserve Bank last week
PFC, REC merger hits roadblock as amalgamation to violate RBI norms on debt exposure of state-owned shadow banking firm
In March 2019, PFC had completed acquisition of a majority stake in REC by transferring Rs 14,500 crore to the government with hope of merger of the two firms in 2019-20.
SBI lowers MCLR-based lending rates by 10 bps across all one-year products; eighth consecutive interest reduction this fiscal
The new one-year MCLR has been cut to 7.90 percent from 8 percent.
RBI Monetary Policy 2019 Updates: Forensic audit on PMC Bank scam expected by month-end, says Shaktikanta Das
If the Reserve Bank of India (RBI) cuts the repo rate today, it would be the sixth reduction in the short-term lending rate this financial year.
Festive season buys, launch of new models help passenger vehicle sales snap 11-month slide in October: SIAM
Sales of commercial vehicles were down 23.31 percent at 66,773 units in October, SIAM said.
Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month
RBI cuts repo rate by 25 bps to 5.15%: Central bank goes with the tide but reduction in interest rate cannot ensure pick-up in credit
The most important takeaway from the RBI policy statement is the revision in GDP growth number from 6.9% to 6.1% for FY20
RBI Monetary Policy Updates: Efforts on to ensure another large NBFC does not default, says governor Shaktikanta Das
RBI MPC LATEST Updates: RBI governor Shaktikanta Das has said that efforts are on to ensure that another large non-banking finance company (NBFC) does not default.
SBI mulls to approach RBI for clarification on lender’s plan to offer fixed-floating rate home loans
At present, SBI has a floating rate home loan product linked to its marginal cost of funds-based lending rate and it recently withdrew one linked to the repo rate.
Does automobile sector need more sops, weak demand makes market tough for cement firms; all this and more on Moneycontrol Pro
The Indian automobile industry is down in the dumps, the likes of which it has not seen in two decades.
Public sector lender State Bank on Monday announced yet another reduction in lending rates by 10 basis points across tenors
Linking retail loans with external benchmark: Banks may not sharply trim lending rates despite new RBI norms
The RBI ordered all banks to link certain loans to the external benchmark based interest rate from 1 October, saying banks had not satisfactorily passed on the benefit of recent policy rate cuts to consumers.
Linking of retail, MSME loans with external benchmark: Consumer is the loser in tug of war between RBI, banks for fairness in pricing
In the past, the RBI has tried several methodologies/internal benchmarking systems to bring in transparency and make banks listen to its rate cues.
Oriental Bank of Commerce, IDBI Bank cut MCLR up to 15 basis points; auto, home, personal loans become cheaper
Oriental Bank of Commerce and IDBI Bank on Thursday announced a cut in the range of 0.05 to 0.15 percentage point in the marginal cost of funds based lending rates (MCLR) for various tenors
State Bank of India cuts benchmark lending rates by 15 bps across all tenors shortly after RBI slashes repo rate
State Bank of India (SBI), the country’s largest lender by assets, on Wednesday, cut its benchmark lending rates by 15 basis points across all tenors, shortly after the central bank slashed interest rates by a larger-than-expected 35 bps to boost the economy
The nation's largest lender State Bank of India on Tuesday reduced the lending rates by a marginal 5 basis points across all tenors, effective 10 April