Lending Rates

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Lending Rates - Total results - 62
IOB, Bank of Maharashtra cut lending rates; personal, car and home loan EMIs to become cheaper
Business

IOB, Bank of Maharashtra cut lending rates; personal, car and home loan EMIs to become cheaper

State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR)

LIC Housing Finance cuts lending rates to 7.5% for new homebuyers with at least 800 CIBIL score
Business

LIC Housing Finance cuts lending rates to 7.5% for new homebuyers with at least 800 CIBIL score

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

SBI cuts savings bank deposits interest rate by 25 bps to 2.75%; reduces lending rate by 35 bps
Business

SBI cuts savings bank deposits interest rate by 25 bps to 2.75%; reduces lending rate by 35 bps

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
Business

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%
Business

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
Business

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.

RBI Monetary Policy 2019 Updates: Forensic audit on PMC Bank scam expected by month-end, says Shaktikanta Das
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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.

SBI again cuts lending rates by 10 bps ahead of festivals, new rates effective from tomorrow
Business

SBI again cuts lending rates by 10 bps ahead of festivals, new rates effective from tomorrow

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
Business

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
Business

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
Business

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
Business

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

SBI slashes interest rate by 10 bps on housing loans up to Rs 30 lakh; cuts MCLR by 5 bps
Business

SBI slashes interest rate by 10 bps on housing loans up to Rs 30 lakh; cuts MCLR by 5 bps

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