BIG BLOW to HDFC customers! HDFC Bank hikes MCLR on loans across all tenures by upto 10 basis points
HDFC Bank's hike in MCLR on loans across all tenures comes in the wake of the latest RBI policy decision to raise the key interest rates.
Aug 08, 2022, 14:18 PM IST
ICICI Bank, PNB, Bank of India hike MCLR ahead of RBI bi-monthly monetary policy
Loan EMIs for both current and new borrowers will rise as a result of the increased MCLR at the aforementioned banks.
Aug 01, 2022, 15:53 PM IST
SBI home, car loan borrowers alert! EMIs to go up as bank hikes lending rates from today, July 15
With the increase, EMIs will go up for those SBI borrowers who have availed loans on MCLR, not for those, whose loans are linked to other benchmarks. Most of the loans are linked to the one-year MCLR rate.
SBI increases minimum interest rate on home loans! Check latest lending rates
State Bank of India (SBI) has increased the minimum interest rates for home loans to 7.55 per cent effective Wednesday.
Jun 15, 2022, 20:52 PM IST
SBI home loan borrowers can avail this offer to pay lower EMIs
Floating rate home loan borrowers can opt for this benchmark lending option.
Sep 16, 2020, 10:13 AM IST
Loans to become cheaper for HDFC Bank customers, MCLR cut by 20 bps across all tenors
The rate cut is effective from Tuesday (July 7), according to HDFC Bank website.
Jul 07, 2020, 16:42 PM IST
Home loan to get cheaper as SBI to cut MCLR by 25 bps from June 10
This is the thirteenth consecutive reduction in the bank's MCLR.
Jun 09, 2020, 09:21 AM IST
All SBI floating rate loans to be linked to repo rate from October 1
State Bank of India had introduced floating rate home loans effective July 1, 2019.
Sep 23, 2019, 12:07 PM IST
IDBI Bank cuts MCLR by 5-10 bps across various tenors
The lender has reduced its one-year MCLR or the minimum lending rate to 8.95 per cent.
Jun 12, 2019, 15:21 PM IST
Home loan customers can opt between Repo rate-linked and MCLR-linked loans: SBI MD PK Gupta
He added, in case of repo rate-linked home loan, you must repay a minimum 3 per cent of the principal loan amount every year.
Jun 12, 2019, 12:23 PM IST
SBI cuts MCLR by 5 bps across tenors
With this cut, 1-year MCLR has come down to 8.45 percent per annum from 8.5 percent.
May 10, 2019, 18:44 PM IST
Corporation Bank cuts benchmark lending rate by 5bps
The bank has reduced the lending rate by 5 basis points (0.05 percentage point) across all tenors up to one year.
Mar 15, 2019, 12:41 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
RBI disappoints by keeping its rates unchanged: FICCI
Real interest rates remain unduly high and a cut in policy and lending rates would have helped propel demand for interest sensitive sectors such as consumer durables, auto and housing
Oct 04, 2017, 18:57 PM IST
Dena Bank cuts MCLR lending rate by up to 20 bps
The loans with 3 & 6 month and 1 year tenors will have a reduced MCLR by 0.15 per cent each to 8.05 per cent, 8.20 per cent and 8.25 per cent each respectively.
Sep 29, 2017, 17:26 PM IST
Oriental Bank of Commerce cuts MCLR by 0.05% for select tenors
The bank said the change of MCLR will come into effect from September 11.
Sep 08, 2017, 19:48 PM IST
IMG on telecom favours spectrum auction next fiscal
In its report, the IMG has also recommended that the payments for spectrum be taken in 16 instalments (16 years) as against the current practice of 10 years, the source said.
Sep 01, 2017, 15:57 PM IST
IMG concludes report on telecom woes, some relief on plate
The inter-ministerial group looking into telecom companies' financial stress has finalised its report, outlining recommendations for providing relief to the debt-ridden sector.
Aug 31, 2017, 16:13 PM IST
After SBI, Bank of India also considering reduction in savings rate
Bank of India has said it is considering reducing the Savings Bank account rate on the lines of State Bank of India and also the interest rate on deposits.
Aug 21, 2017, 15:02 PM IST
Axis Bank cuts MCLR for short-term loans by up to 0.10%
For overnight and one-month lending, the MCLRs are cut by 0.10 percent each to 7.80 percent (each).
Jun 16, 2017, 20:06 PM IST
