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lending rate
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HDFC cuts retail lending rates by 20 basis points
By Gopika Gopakumar | Mint, Mumbai
UPDATED ON JUN 13, 2020 08:55 AM IST
Following the reduction, HDFC’s new rates will now range between 7.5-8.5%. The move comes after State Bank of India reduced its marginal cost of funds based lending rate (MCLR) by 25 basis points across all tenors.
SBI cuts benchmark lending rate by 15 basis points
By Press Trust of India | Mumbai
UPDATED ON MAY 07, 2020 04:17 PM IST
To safeguard the interests of senior citizens in the current falling rate regime, the bank has introduced a new product ‘SBI Wecare Deposit’ for them in the retail term deposit segment, SBI said in a statement.
RBI keeps repo rate steady at 5.15%, pegs growth at 6% for next fiscal
By Revati Krishna | Hindustan Times, Mumbai
UPDATED ON SEP 09, 2020 07:36 PM IST
This is the second consecutive bi-monthly meeting of the Monetary Policy Committee in this fiscal year 2019-20 in which the repo rate has been kept unchanged.
Repo rate unchanged, GDP growth lowered: Highlights of RBI’s monetary policy statement
By Press Trust of India | Mumbai
UPDATED ON DEC 05, 2019 12:43 PM IST
The RBI also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.
SBI cuts lending rates for 6th time; deposits rates down 25bps
By Press Trust of India | Mumbai
PUBLISHED ON OCT 09, 2019 03:36 PM IST
“In view of the festival season and extending the benefits to customers across all segments, we have reduced our MCLR by 10 bps across all tenors,” the bank said in a statement.
SBI cuts lending rates by 10 bps, retail loans to get cheaper for existing borrowers
By Indo Asian News Service | Mumbai
UPDATED ON OCT 09, 2019 11:32 AM IST
State Bank of India, in a statement, said, “In view of the festival season and to extend the benefit to customers across all segments, the SBI has reduced its MCLR by 10 bps across all tenors.”
RBI cuts key lending rate by 25 basis points to 5.15%, loans to get cheaper
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON OCT 04, 2019 12:08 PM IST
RBI’s six-member Monetary Policy Committee (MPC) has announced the fourth bi-monthly policy for 2019-20 on Friday, after a three-day meeting.
SBI cuts interest rates on fixed deposits, home loans
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUN 27, 2020 09:16 PM IST
The State Bank of India in a release said that it will reduce interest rates by 10 basis points from tomorrow.
Is it a wise idea to opt for repo-linked loan?
By Neil Borate, Nilanjana Chakraborty | New Delhi
PUBLISHED ON AUG 21, 2019 11:54 PM IST
In the past, there has been a lot of talk of banks not being able to effectively transmit rate cuts to customers
RBI’s rate cut will help if banks pass on benefit to end-users, say realty players
By Press Trust of India | New Delhi
UPDATED ON AUG 08, 2019 10:13 AM IST
The Reserve Bank of India’s (RBI) Monetary Policy Committee on Wednesday cut the interest rate by 35 basis points (bps) -- the fourth successive reduction -- to a nine-year-low level, in an attempt to boost an economy growing at its slowest pace in nearly five years.
SBI lowers lending rate by 15bps, loan EMIs set to ease
By Vivina Vishwanathan | Hindustan Times, Mumbai
UPDATED ON AUG 08, 2019 09:46 AM IST
The reduction will make all loans cheaper; for instance, the rate on home loans will come down to 8.25% from 8.4%. On a ₹30 lakh loan over a 20-year period, the savings would be Rs 70,000.
Admitting slowdown, RBI lowers growth forecast to 6.9 percent
By Press Trust of India | Mumbai
UPDATED ON AUG 08, 2019 09:48 AM IST
The admission of the rising headwinds to growth led the monetary authority to slash the lending rates by an unprecedented 35 bps to 5.40 percent in the fourth successive rate reductions since Shaktikanta Das assumed power in December.
Wholesale Price Index inflation declines to near 2-year low at 2.02% in June
By Press Trust of India | Hindustan Times, New Delhi
UPDATED ON JUL 15, 2019 12:44 PM IST
The Wholesale Price Index (WPI)-based inflation was at 2.45 per cent in May. It was 5.68 per cent in June 2018.
Economic Survey 2019 Highlights: Economy@5trillion, job creation and other features
By HT Correspondent | New Delhi
UPDATED ON MAY 28, 2020 03:54 AM IST
Economic Survey 2019: Finance Minister Nirmala Sitharaman tabled the Survey in Rajya Sabha a day before the maiden Union Budget of the new Narendra Modi government.
Budget 2019: In Sitharaman’s 5-year road map, focus likely on 2 key issues
By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JUN 24, 2019 09:25 AM IST
While the coming budget may incentivise job-oriented private investment and focus on skill-development initiatives, the government is likely to persuade banks, particularly public sector ones, to slash interest rates.
Rise in CPI: How it impacts you
By HT Correspondent | Hindustan Times, Gurugram
UPDATED ON JUN 17, 2019 10:43 AM IST
According to an SBI note, core CPI will go down and the headline CPI will increase, leading to convergence in coming months.
How RBI’s rate cut will affect you
By Vivina Vishwanathan | Hindustan Times, Mumbai
UPDATED ON JUN 10, 2019 08:21 AM IST
Bankers say that you will see a change in marginal cost of fund based lending rates (MCLR) when the asset-liability committee of individual banks meets next time.
Rupee opens marginally higher after RBI policy decision
By Press Trust of India | Mumbai
UPDATED ON JUN 07, 2019 10:40 AM IST
The rupee opened at 69.23 the interbank forex market then gained further ground to touch 69.21 per dollar amid positive opening in domestic equities.
Sensex crashes over 450 points after RBI cuts key lending rate
By Press Trust of India | Mumbai
UPDATED ON JUN 06, 2019 02:12 PM IST
Top losers in the Sensex pack include IndusInd Bank, Yes Bank, Vedanta, SBI, L&T, M&M, Tata Steel, RIL, TCS, ICICI Bank and HDFC twins, shedding up to 5 per cent.
State Bank of India cuts lending rate: Here’s how it affects you
By Vivina Vishwanathan | Hindistan Times, Mumbai
UPDATED ON APR 10, 2019 12:35 PM IST
SBI’s marginal rate cut of 5 bps comes after the Reserve Bank of India’s consecutive rate cut by 50 bps in the February and April monetary policy.
Reserve Bank of India faces trouble getting banks to cut rates
By Anirban Nag and Rahul Satija | Bloomberg
UPDATED ON MAR 11, 2019 02:24 PM IST
Latest data from the central bank shows the main overnight lending rate offered by commercial banks has been sticky in a range of 8.15 percent to 8.55 percent since the beginning of the year.
RBI note shows worst of NPA and credit growth problem may be over
UPDATED ON DEC 06, 2018 08:07 AM IST
The share of gross NPAs in total advances of banks, both in the public and private sector, peaked in March 2018, and has since declined — in both the June and September quarter of the current fiscal year. The NPA crisis is more widespread in the public sector banks.
Sensex falls from record-high level, loses over 250 points; banks, metals drag
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON AUG 02, 2018 11:36 AM IST
At 11.15 am,the BSE Sensex was trading 214.59 points or 0.57% lower at 37,307.03.
Bank of India raises lending rate by 0.10% for various tenors
By Press Trust of India | Press Trust of India, New Delhi
PUBLISHED ON JUN 08, 2018 03:19 PM IST
Bank of India joins big lenders such as SBI, ICICI Bank and HDFC Bank, which have already increased their MCLR making consumer loans such as auto, home and business loans costly.
RBI decision to hike interest rates was an ‘appropriate step’: IMF
By Press Trust of India | Press Trust of India, Washington
UPDATED ON JUN 08, 2018 01:02 PM IST
In the context of rising inflation and additional upside risks due to higher oil prices, exchange rate depreciation and other domestic factors, the IMF thinks that this was an appropriate step by the RBI, said the spokesman for IMF.
More banks hike lending rates, EMIs for auto, home, business loans to go up
By Press Trust of India | Press Trust of India
UPDATED ON JUN 07, 2018 05:26 PM IST
Joining big banks, Indian Bank and Karur Vsya Bank informed stock exchanges about hiking the MCLR by up to 10 basis points for different tenures
Loans to cost more as Bank of Baroda hikes lending rate ahead of RBI monetary policy
By Press Trust of India | Press Trust of India
UPDATED ON JUN 05, 2018 06:19 PM IST
Bank of Baroda, SBI, PNB, ICICI Bank and Union Bank are among lenders which have raised interest rains for loans ahead of the RBI monetary policy decision.
RBI monetary policy review begins today: It’s a choice between a rate hike now and August
By Reuters | Reuters
UPDATED ON JUN 04, 2018 01:25 PM IST
The RBI’s bi-monthly monetary policy meet begins on Monday, and will go on till Wednesday, June 6, when a decision on the key lending rate of the central bank will be announced.
SBI, PNB, ICICI Bank raise lending rates ahead of RBI policy review
By Press Trust of India | Press Trust of India, New Delhi
UPDATED ON JUN 01, 2018 09:19 PM IST
State Bank of India increases the lending rate by 10 basis points across all tenors up to three years.
Decade-low interest rates on dollar loans set to rise for India Inc
By Mariko Ishikawa and Anurag Joshi | Bloomberg
UPDATED ON MAY 28, 2018 11:00 AM IST
In another sign of weakening demand from global banks, more Indian companies have been forced to rely on a smaller group of lenders to underwrite borrowings or to use their relationships to strike so-called club deals.
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