Lending Rate: Latest News and Updates, Top Stories, Videos, Photos About Lending Rate

ICICI Bank, PNB Increase External Benchmark-based Lending Rates After RBI's 50 Bps Policy Rate Hike

Following the repo rate hike of 50 basis points by the RBI on Friday, two leading banks namely Punjab National Bank and ICICI Bank hiked interest rate on loans. Repo rate is the rate at which RBI extends short term loan ...

These Banks Raise Lending Rates After RBI's Repo Rate Hike

The Reserve Bank of India (RBI) hiked the repo rate by 50 bps to 4.9% earlier this week on Wednesday. Soon after RBI's decision, many leading banks such as Kotak Mahindra Bank, ICICI Bank, Bank of Baroda, HDFC Bank, RBL Bank, ...

SBI Slashes 3-Month Lending Rate; Stock Jumps 3%

The country's leading PSB State Bank of India (SBI) has reduced its lending rate by up to 10bps for shorter tenures of three months. One basis point is one-hundredth of a percentage point. The new 3-month MCLR stands at 6.65%, which ...

HDFC Home Loan Becomes Cheaper

HDFC, which is the country's leading housing finance company has reduced PLR or prime lending rate by 5 basis point. One basis point is one-hundredth of a percentage point. The move would benefit all of the existent customers of HDFC. ...

Axis Bank Reduces Lending Rate Across Tenure

In line with the latest repo rate cut of 35 basis points in the RBI's August MPC meet, Axis Bank today has announced a cut in its MCLR rate across all tenures. The new rates will come into force from August ...

RBI To Likely Cut Interest Rates By 100 Bps In 2019: BofAML Report

After PM Modi's massive mandate in Lok Sabha elections, the apex bank is expected to lower interest rates by as much as 100 basis points in 2019, said a global brokerage concern. 1 basis point is one-hundredth of a percentage point. ...

PNB Reduces Lending Rates From March 1

On Wednesday, the state-run Punjab National Bank said it will lower down its MCLR or marginal cost based lending rate by 0.1% for different tenures from March 1. In a regulatory filing, the bank said there is a reduction in the ...

Deposit, Lending Rates To Not Change In Line With Key Policy Rate Cut

Even though the Reserve Bank of India in its sixth bi-monthly monetary policy review on Thursday lowered its benchmark repo rate by 25 basis points to 6.25%, the same may not reflect in deposit or lending rate any time soon. Repo ...

Bank Of Baroda Increases Lending Rate Ahead Of MPC Meet Outcome

State-owned public sector bank, Bank of Baroda (BoB) on Tuesday increased lending rates by up to 0.2%, a step which will make auto, home and other loans dearer for its customers. The RBI is scheduled to announce its sixth bi-monthly ...

HDFC Bank Increases Lending Rate Across Tenures; 1-Year MCLR At 8.75%

On Monday, private sector lender HDFC Bank driven by a decline in its CASA or current account savings account ratio has increased its marginal cost of funds based lending rate or MCLR across tenures. The new revised rates with 5 basis ...

MCLR Regime For Lending Interest Determination May Be Phased Out

As the marginal cost of funds based lending rate does not seen to provide any effective change of rates, the review of MCLR guidelines is on the offing. Also, this shall be done in order to foster competition as well as ...

HDFC Increases Lending Rate By 20 bps; Loan Up To Rs. 30 Lakh At 8.75%

Housing Development and Finance Corp (HDFC), a leading housing finance company has increased its lending rate as per the announcement made a day after the RBI hiked the key policy rate to 6.5%, with an increase of 25 basis points due ...

Lending Rate News