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

Bank Of Baroda Accountholders Alert: Lending Rates Hiked On Select Tenures; Check Complete Details Here

The benchmark lending rates at the State-owned Bank of Baroda (BoB) were increased across select tenures by 5 basis points (bps). The new rates are effective from January 12, 2024. In the latest update, the lender has revised its marginal cost ...

RBI's Risk Weight Adjustment Spells Potential 30-40 Basis Points Hike In Loan Rates, Find Details

In a significant development, lending rates for specific loan categories could witness a surge of 30-40 basis points, as top bank executives reveal the imminent repercussions of the Reserve Bank of India's (RBI) recent revision of risk weight norms. According to ...

Bank of Baroda Cuts Lending Rates

On Monday, Bank of Baroda said that it has slashed the interest rate on loans for retail, personal and Micro, Small and Medium Enterprises (MSMEs) to 7.25 percent with effect from 28 March. Its Baroda Repo Linked Lending Rate (BRLLR) was ...

Bank Of Maharashtra Lowers Lending Rate By 0.10%

Public sector Bank of Maharashtra on Friday announced a cut on the benchmark one-year MCLR by 0.10 percent to 8.60 percent, a day after the Reserve Bank of India cut its repo rate by 0.25 basis points. "Bank of Maharashtra has ...

Axis Bank Hikes One-Year MCLRs To 8.5%; Highest Lending Rate Among Banks

Axis bank, the country's third largest private bank, on Friday raised MCLR or marginal cost of funds based lending rate by 10-15 bps. One basis point is one-hundredth of a percentage point. With this, 1-year MCLR rate at the bank stands ...

After SBI, PNB and ICICI Bank Increase Lending Rates

After SBI increased it lending rate for the first time since the implementation of the new MCLR benchmark on Thursday, PNB and ICICI Bank have also followed suit with an MCLR hike of 15 basis points. 1bps is one-hundredth of a ...

Lending Rates Set For A Raise: Should It Worry A Borrower?

After the policy review meet on February 7, 2018 in which the policymakers maintained status quo with no change in interest rates, there has been a case in which some private lenders including HDFC Bank and Axis Bank have hiked their ...

Punjab National Bank Reduces Base Lending Rate To 9.15%

One of the leading PSU Bank, PNB, reduced base lending rate by 20 basis points from the earlier 9.35% to 9.15%. The rates shall be applicable with effect from September 1. One basis point is one-hundredth of a percentage point. ...

A Look At Banks That Cut Interest rates After RBI's Repo Rate Cut

After the surprising move from the Reserve Bank of India, many banks followed and slashed the base rate. The base rate is the minimum rate of interest at which a bank lends to its borrowers. On Tuesday, the RBI cut repo ...

State Bank Of Mysore Cuts Lending Rates; Loans To Become Cheaper

State Bank of Mysore (SBM), an associate of State Bank of India, has slashed the minimum lending rate by 0.10 per cent to 9.90 per cent. "The bank has revised downward the base rate from 10 per cent to 9.90 ...

Latest Lending (base) Rates From Top Banks In India

Recently, the Reserve Bank of India cut repo rates by 25 basis points, which was in line with expectations. Some banks have reduced interest rates after RBI Governor Raghuram Rajan pushed the banks to cut interest rates further. Banks generally have ...

Will cut rates for existing borrowers only if costs fall: HDFC

MUMBAI: After cutting lending rates for new customers, country's largest mortgage lender HDFC today said it may reduce the rates for existing customers if its cost of borrowing comes down. "Currently, we are seeing that old rates have not changed. ...

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