PNB, HDFC Banks Hike Key Lending Rate; Making Loans Expensive For Customers
Earlier this month, the RBI hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation.
Feb 28, 2023, 18:14 PM IST
Tinkering in rates by banks unlikely in short-term: HDFC Bank
The Reserve Bank of India (RBI) is scheduled to announce fifth bi-monthly policy on December 6.
Nov 26, 2017, 17:58 PM IST
RBI panel urges tougher line to get banks to pass on rate cuts
The five-member panel, set up by the RBI to look into why lenders were not passing on central bank rate cuts, said in a report on Wednesday that banks "deviated in an ad hoc manner from the specified methodologies" for calculating the lending rates in order to avoid passing on the RBI rate cuts.
Oct 05, 2017, 12:15 PM IST
Lending rate cuts key to economic revival: BofAML
Lending rate cuts are key to economic growth recovery and banks should lower rates by 25 bps before the start of the busy season in October to accelerate reforms momentum, says a report.
Sep 03, 2017, 12:09 PM IST
Saving deposit rate cuts to lead to lower lending rates: Report
eduction in saving deposit rates by three large banks over the past fortnight may set the ball rolling for lower lending rates and stoke greater competition among lenders, says a report.
Aug 13, 2017, 11:42 AM IST
Lower lending rates likely post RBI policy action: BofAML
Given the Reserve Bank's "dovish" policy move, banks are expected to cut lending rates by 25 basis points, which in turn is expected to push up credit offtake, says a report.
Aug 06, 2017, 12:11 PM IST
PNB revises down MCLR by 0.10-0.15% from today
Public lender Punjab National Bank has revised down marginal cost based lending rates by 0.10- 0.15 per cent for various maturities effective Monday.
May 01, 2017, 16:42 PM IST
There is scope for further cuts in lending rates: RBI Guv
RBI Governor Urjit Patel on Wednesday said there is further scope for banks to reduce lending rates as the Reserve Bank has already brought down its policy rates by 175 basis points since January 2015.
Feb 08, 2017, 17:47 PM IST
Allahabad Bank cuts lending rate by 0.85%
Public sector lender Allahabad Bank on Monday slashed its benchmark lending rate by 0.85 percent in line with market competition.
Jan 09, 2017, 21:04 PM IST
Rate cut bandwagon: 3 more banks slash lending rates by up to 1%
Three more banks including Syndicate Bank and Citi India on Friday reduced benchmark lending rates by up to 1 percent, joining others in the rate cut bandwagon.
Jan 06, 2017, 20:42 PM IST
Bank of Baroda joins rate cut bandwagon, slashes lending rates by up to 0.75%
Joining the rate cut bandwagon, Bank of Baroda on Thursday lowered its lending rates by up to 0.75 percent -- which will lead to cheaper home and corporate loans.
Jan 05, 2017, 18:13 PM IST
NBFC's getting benefit after cut in MCLR
NBFC's getting benefit after cut in MCLR. Watch the complete news story to get detailed updates on the stock market, shares and their recent trends, updates on the market!
Jan 05, 2017, 14:19 PM IST
Rate cut bandwagon: HDFC Bank, Canara Bank cut lending rates by up to 0.9%
Home and other loans are all set to be cheaper as major banks such HDFC Bank and Canara Bank joined the rate cut bandwagon by cutting lending rates up to 0.9 percent.
Jan 04, 2017, 22:54 PM IST
Axis Bank cuts lending rates by up to 0.15%
Country's third largest private lender Axis Bank Friday announced up to 0.15 percent reduction in its lending rates, signalling a further downward trend in borrowing costs.
Dec 16, 2016, 21:22 PM IST
Demonetisation impact: Bank of Baroda cuts lending rate by 0.2%
As banks continue to be flushed with deposits thanks to demonetisation move of the Modi government, state-owned Bank of Baroda has cut benchmark lending rates by 0.2 percent.
Dec 06, 2016, 18:45 PM IST
PNB, South Indian Bank lower lending rates for December
Punjab National Bank has cut the marginal cost of funds based lending rate (MCLR) by 0.05-0.10 percentage points for December across maturities of various tenors.
Nov 30, 2016, 21:51 PM IST
Axis Bank cuts cost of lending rate by 0.15-0.20% from Friday
Private sector Axis Bank on Wednesday announced a cut in its marginal cost of fund-based lending rate (MCLR) by 0.15-0.20 percent effective coming Friday.
Nov 16, 2016, 19:10 PM IST
Dena Bank, SBBJ cut lending rate, effective from November 1
Two public lenders Dena Bank and State Bank of Bikaner and Jaipur (SBBJ) today cut benchmark lending rates by up to 0.1 percent.
Nov 01, 2016, 22:05 PM IST
Dena Bank lowers lending rate by 0.05%s to 9.40%
Under the revised rates, the one-year MCLR has been fixed at 9.40 percent while the most competitive overnight MCLR is 9.15 percent, the Ahmedabad-based bank said in a statement. The revised rates will be applicable from today.
Nov 01, 2016, 17:16 PM IST
SBI, ICICI, PNB and others move to lending rates based on marginal cost
The new interest rates vary from 8.95 percent for overnight to 9.35 percent for three years, SBI said in a document posted on its website Thursday.
Mar 31, 2016, 22:12 PM IST
