HDFC Bank revises lending rates based on marginal cost
Private sector lender HDFC Bank Thursday revised lending rates based on marginal cost of funds, a new methodology that will take effect from April 1.
Mar 31, 2016, 20:41 PM IST
OBC cuts interest rates on deposits less than Rs 1 cr
For maturities from 31 days to 45 days, the bank has cut interest rate from 6 percent to 5.5 percent for deposits less than Rs 1 crore.
Mar 25, 2016, 17:56 PM IST
Cut in small savings rate may lead to lower lending rates:RBI
The Reserve Bank Thursday said banks may cut their lending rates further with the lowering of interest rate on small savings schemes by the government.
Oct 15, 2015, 21:47 PM IST
Corporation Bank further cuts lending rate by 0.05%
State-owned Corporation Bank Wednesday further revised its benchmark lending rate by 0.05 percent to 9.65 percent.
Oct 07, 2015, 22:57 PM IST
HDFC, Canara Bank, StanChart and others cut lending rate
Country's largest mortgage lender HDFC and four other lenders, including Canara Bank and StanChart, cut their base rates by up to 0.25 percent, a move that will make home, auto and other loans cheaper.
Oct 05, 2015, 22:09 PM IST
HDFC slashes lending rate by 0.25%
HDFC, country's largest mortgage lender, Monday cut benchmark lending rate on housing loans by 0.25 percent to 9.65 percent, a move which will lower the EMI for borrowers.
Oct 05, 2015, 20:59 PM IST
Raghuram Rajan nudges banks to cut lending rates
RBI Governor Raghuram Rajan Thursday said there is a need for banks to cut their lending rates anticipating the benefits which will be accruing from the central bank's rate cuts.
Aug 20, 2015, 23:01 PM IST
No room for cut in lending rates in near-term: Bankers
Bankers Tuesday ruled out any immediate lowering of interest rates even as the Reserve Bank rapped them for not fully passing on to borrowers three cuts in the key rate this year, saying it expects them to do so in the near future.
Aug 04, 2015, 20:10 PM IST
Bankers see higher PPF rate limiting more deposit rate cuts
Bankers have said there is more room to cut deposit rates which can help bring down lending rates, but fear that competing savings instruments like PPF and tax-free bonds will limit their ability.
Aug 02, 2015, 14:55 PM IST
More rate cuts needed for banks to lower lending rates: ICRA
Rating agency ICRA Friday said concerns on inflation are ebbing and the Reserve Bank should slash the key rates at the forthcoming policy meet for better transmission of its moves by lenders.
Jul 24, 2015, 19:54 PM IST
Banks may further reduce interest rates by end of week: HDFC
Hinting at another round of interest rate cuts, private sector lender HDFC Bank's Managing Director Aditya Puri Wednesday said most banks will cut their lending rates by the end of the week.
Jun 10, 2015, 21:34 PM IST
Indian Bank cuts lending rate by 0.3%, UBI slashes FD rate
State-owned Indian Bank Thursday slashed base rate or the minimum lending rate by 0.3 percent while United Bank of India (UBI) has reduced fixed deposit rates by up to 0.25 percent on select maturities.
Jun 04, 2015, 21:29 PM IST
SBI slashes base rate by 0.15%; effective June 8
The nation's largest lender State Bank of India Tuesday reduced its base rate by 15 basis points after the RBI cut repo rate by 25 basis points.
Jun 02, 2015, 19:50 PM IST
SBI cuts lending rate by 0.15%, effective June 8
India's largest bank, the State Bank of India on Tuesday cut its base lending rates by 0.15 percent to 9.70 percent, to be effective from June 8.
Jun 02, 2015, 18:27 PM IST
India Inc. urges RBI to cut key lending rates
Ahead of the Reserve Bank of India's (RBI) bi-monthly monetary policy review, industry lobby Federation of Indian Chambers of Commerce and Industry (FICCI) on Sunday urged the apex bank to cut key lending rates and ease the monetary policy.
May 31, 2015, 22:51 PM IST
Karnataka Bank cuts lending rate by 0.25%
Private sector Karnataka Bank on Saturday cut base rate or minimum lending rate by 0.25 percent to 10.50 percent, a move which will lead to lower EMIs for its customers.
May 30, 2015, 21:48 PM IST
Canara Bank, OBC cut lending rates by up to 0.25%
Joining the rate-cut bandwagon, two state-owned lenders Canara Bank and Oriental Bank of Commerce on Friday cut base rates to 10 percent, which will lead to lower EMIs for their loan consumers.
May 08, 2015, 21:13 PM IST
21 banks lower lending rates after RBI rate cut: Sinha
RBI had cut the repo rate by 0.25% in January and further by 0.25% in March.
Apr 28, 2015, 15:24 PM IST
Sundaram BNP Paribas slashes home loan rates
Sundaram BNP Paribas Home Finance on Monday announced a 20-basis point cut in its interest rates to 9.95 percent from the earlier 10.15 percent.
Apr 13, 2015, 20:47 PM IST
Kotak Bank cuts base rate by 0.15% to 9.85%
Private sector lender Kotak Mahindra Bank on Monday joined its larger rivals and announced a 0.15 percent cut in base rate to 9.85 percent.
Apr 13, 2015, 20:10 PM IST
