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lending rate news

EMIs to go up as SBI hikes lending rate by 10 basis points across tenures

The State Bank of India (SBI) office building is pictured in Kolkata, India.
business
Published on Jun 15, 2024 09:50 am IST

China central bank cuts benchmark lending rate to boost economy: Explained

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China.
business
Published on Feb 20, 2024 07:36 am IST

RBI keeps repo rate unchanged at 6.5%; Das says ‘war against inflation not over’

Reserve Bank of India governor Shaktikanta Das. (PTI Photo)
business
Updated on Jun 08, 2023 10:37 am IST

HDFC cuts retail lending rates by 20 basis points

The reduced rate will benefit all existing HDFC retail home loan and non-home loan customers.
business
Updated on Jun 13, 2020 08:55 am IST

SBI cuts benchmark lending rate by 15 basis points

SBI slashed its interest rates on retail term deposits by 20 basis points for ‘up to 3 Years’ tenor, effective from May 12 in view of adequate liquidity in the system as well as with the bank.pic by hemant Mishra/mint
business
Updated on May 07, 2020 04:17 pm IST

RBI keeps repo rate steady at 5.15%, pegs growth at 6% for next fiscal

Shaktikanta Das, governor of the Reserve Bank of India (RBI), gestures during a news conference in Mumbai on Feb. 6, 2020.
business
Updated on Sept 09, 2020 07:36 pm IST

Repo rate unchanged, GDP growth lowered: Highlights of RBI’s monetary policy statement

RBI governor Shaktikanta Das
business
Updated on Dec 05, 2019 12:43 pm IST

SBI cuts lending rates for 6th time; deposits rates down 25bps

The marginal cost of funds-based lending (MCLR) would be effective from October 10, the revision in savings bank deposits rates will be from November 1, the bank said in a statement.
india news
Published on Oct 09, 2019 03:36 pm IST

SBI cuts lending rates by 10 bps, retail loans to get cheaper for existing borrowers

The State Bank of India cut lending rates by 10bps on Wednesday, October 9, 2019.
business
Updated on Oct 09, 2019 11:32 am IST

RBI cuts key lending rate by 25 basis points to 5.15%, loans to get cheaper

It also said that some RBI watchers expect a larger cut this week, after the central bank cut the repo rate by an unconventional 35 bps to 5.40% in August.
business
Updated on Oct 04, 2019 12:08 pm IST

SBI cuts interest rates on fixed deposits, home loans

New logo/ monogram of SBI, State Bank of India. For stock shoot happened on 12.06.17, pic by hemant Mishra/mint
business
Updated on Jun 27, 2020 09:16 pm IST

Is it a wise idea to opt for repo-linked loan?

RLLR-based home loan will ensure faster rate cut transmission. (Photo: iStock)
business
Published on Aug 21, 2019 11:54 pm IST

RBI’s rate cut will help if banks pass on benefit to end-users, say realty players

Mohit Goel, chief executive officer of Omaxe Ltd, said that with inflation well within the RBI range and economy showing signs of slowdown, the
business
Updated on Aug 08, 2019 10:13 am IST

SBI lowers lending rate by 15bps, loan EMIs set to ease

Existing borrowers whose loans are linked to the MCLR (marginal cost of funds based lending rate) will not see any impact on immediately considering the reset clause. For instance, a loan linked to one-year MCLR and taken out in ,say, June, could see a reset only next June.
india news
Updated on Aug 08, 2019 09:46 am IST

Admitting slowdown, RBI lowers growth forecast to 6.9 percent

The statement also comes amid many key personalities, including engineering giant Larsen & Toubro chairman AM Naik expressing concerns on the growth front.
india news
Updated on Aug 08, 2019 09:48 am IST

Wholesale Price Index inflation declines to near 2-year low at 2.02% in June

Inflation in food articles basket eased marginally to 6.98 per cent in June, from 6.99 per cent in May.
business
Updated on Jul 15, 2019 12:44 pm IST

Economic Survey 2019 Highlights: Economy@5trillion, job creation and other features

Economic Survey 2018-19 was tabled in Parliament by Minister for Finance and Corporate Affairs Nirmala Sitharaman.
budget
Updated on May 28, 2020 03:54 am IST

Budget 2019: In Sitharaman’s 5-year road map, focus likely on 2 key issues

Union Finance Minister Nirmala Sitharaman
india news
Updated on Jun 24, 2019 09:25 am IST

Rise in CPI: How it impacts you

Price rise in essential goods over a long period hits those in lower income groups the hardest.
business
Updated on Jun 17, 2019 10:43 am IST

How RBI’s rate cut will affect you

RBI has cut repo rate by 75 bps. However, the transmission of the rate cut has been slow. Banks blame it on tight liquidity situation due to slow growth in deposits and systemic liquidity position in the economy.
business
Updated on Jun 10, 2019 08:21 am IST

Rupee opens marginally higher after RBI policy decision

Forex traders said investors welcomed the RBI policy decision as this would help to boost the slowing economy.
business
Updated on Jun 07, 2019 10:40 am IST

Sensex crashes over 450 points after RBI cuts key lending rate

According to traders, investor sentiment took a hit after the RBI lowered its benchmark lending rate to nearly a nine-year low of 5.75 per cent.
business
Updated on Jun 06, 2019 02:12 pm IST

State Bank of India cuts lending rate: Here’s how it affects you

Most SBI retail loans, including home loan, car loan and personal loans, are currently linked to one-year MCLR.
business
Updated on Apr 10, 2019 12:35 pm IST

Reserve Bank of India faces trouble getting banks to cut rates

Lenders haven’t fully passed on the central bank’s latest interest rate cut to borrowers, pressuring the monetary authority to loosen policy even more to support economic growth.
business
Updated on Mar 11, 2019 02:24 pm IST

RBI note shows worst of NPA and credit growth problem may be over

A Reserve Bank of India (RBI) note based on unaudited financial statements of Scheduled Commercial Banks (SCBs) up to September 30, 2018, suggests that the worst of the non-performing assets (NPA) crisis facing India’s banks might be over and that credit growth may also be back.
india news
Updated on Dec 06, 2018 08:07 am IST

Sensex falls from record-high level, loses over 250 points; banks, metals drag

The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai.
business
Updated on Aug 02, 2018 11:36 am IST

Bank of India raises lending rate by 0.10% for various tenors

Bank of India said the enhanced rates would come into effect from June 10, 2018.
business
Published on Jun 08, 2018 03:19 pm IST

RBI decision to hike interest rates was an ‘appropriate step’: IMF

RBI Governor Urjit Patel, at the RBI headquarters after the announcement of a 0.25% rate hike by the central bank, in Mumbai on Wednesday, June 06.
business
Updated on Jun 08, 2018 01:02 pm IST

More banks hike lending rates, EMIs for auto, home, business loans to go up

Some big lenders including SBI, ICICI Bank and HDFC Bank had increased their Marginal Cost of Funds-Based Lending Rates last week
business
Updated on Jun 07, 2018 05:26 pm IST

Loans to cost more as Bank of Baroda hikes lending rate ahead of RBI monetary policy

The marginal cost of funds-based lending rate (MCLR) has been reviewed at 5 basis points above existing level with effect from June 7, BoB said in a statement.
business
Updated on Jun 05, 2018 06:19 pm IST
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