Page 2 Lending Rate: Latest News and Updates, Top Stories, Videos, Photos About Lending Rate

BOB Raises MCLR By 5bps Ahead Of RBI's Policy Outcome

Just a day before the RBI's verdict on monetary policy, Bank of Baroda has raised the marginal cost based lending rate by 5 basis points across different tenures. One basis point is one-hundredth of a percentage point. The new rates have ...

Reasons Why Lending Rates May Still Increase Despite RBI's Status Quo

Though the monetary policy committee headed by RBI Governor Urjit Patel kept key policy rates unchanged while revising its GDP growth estimates higher and lowering inflation forecast, many of the experts see lending rates to increase in the short to medium ...

MCLR Rate Increase: Know By How Much Your Loans Will Get Dearer

Against the SBI's move which brought a rate cut to pass on the benefits of key policy rates to end borrowers, many private sectors have say for instance Axis Bank has upped its MCLR rate based on which long term loans ...

Against SBI's Lending Rate Cut By 30 Bps, Axis Bank Ups MCLR By 5 Bps

Only a few days after the state-run lender thought it wise to effect rate cuts by a huge 30 basis points to pass on the key interest rate to the end consumer, Axis bank upped its MCLR rate on the contrary ...

What New Benchmark Is RBI Mulling Upon To Decide Your Loan Rate?

Not satisfied with the current MCLR or Marginal cost of lending rate on which the lending rate for borrowers is based, the apex bank is yet again considering other options. And the study group established for the purpose has suggested ...

Bank of India Cuts Lending Rates By 0.05-0.10% From Sept 10

Public sector lender Bank of India has cut MCLR rates by 0.05-0.10 per cent for various tenors from September 10. "Bank of India has reduced its marginal cost based lending rates (MCLRs). The revised marginal cost based lending rate for one-year ...

Retail Inflation Data For June Records Lowest Levels of 1.54%

The retail inflation figures reported by CII or consumer inflation index revealed yesterday recorded lowest levels of 1.54% as against 2.18% reported for the month of May. The recorded inflation levels are lowest since the year 1999 when the series was ...

Punjab National Bank Cuts Lending Rates For Select Maturities

State-owned Punjab National Bank (PNB) has cut marginal cost based lending rates by 0.05 per cent for select maturities to be effective from next month. "The bank has reduced the marginal cost of funds based lending rate (MCLR) with effect from ...

IDBI Bank Reduces MCLR By 30-35 bps

IDBI Bank has reduced its marginal cost of funds-based lending rates (MCLR). Lending rate (MCLR) is reduced by 30-35 basis points across various tenors, effective February 1. For overnight tenor, the bank has reduced its minimum lending rate to 8.20 per ...

Best Banks To Take The Cheapest Home Loans

If you are planning to take a home loan, this is the best time to apply for a home loan in India. Housing loans are cheaper with half a dozen PSU and Private sector banks having reduced benchmark lending rates after ...

Bank Of India Revises Lending Rates On Retail Loans

State-run Bank of India said it has decided to reduce its interest rates on retail loans, including home and vehicle loans, with effect from Monday. The bank earlier reduced its minimum lending rates or marginal cost of funds based lending rates ...

Bank Of Baroda Reduces MCLR By 75 Basis Point

State-run Bank of Baroda has reduced its marginal cost of funds based lending rate (MCLR) by up to 75 basis points across various tenors. The new rates would be effective from January 7 and will be applicable to all new and ...

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