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Get ready to pay more on your personal, car, home loan EMIs
Wed, Feb 14, 2018
On February 7, HDFC Bank increased MCLR by 10 basis points for some tenures, while Axis Bank in January 2018 had raised the benchmark by 5 basis points.
FM Arun Jaitley should focus on rural economy, affordable housing in Budget 2018: Arundhati Bhattacharya
Mon, Jan 29, 2018
Credit growth will take at least two-three quarters to see a revival, while borrowing cost is not going to come down any time soon, said ex-SBI Chairman Arundhati Bhattacharya in an exclusive interview to Zee Business.
Impact of base rate, BPLR changes on your home loan EMIs
Wed, Jan 03, 2018
Whenever SBI makes any changes either in savings or in lending rates, other banks follow the suit.
RBI modifies average base rate for NBFC, MFIs
Fri, Dec 29, 2017
Average base rate of NBFCs-MFIs which stood near 10.09% from April – June 2014 quarter, came down to 9.45% on December 2015, further to 9.41% by end of December 2016 and then to 9.06% in September 2017.
SBI cuts fixed deposit rate by 25 bps; Here's what you need to know
Wed, Nov 01, 2017
A day after slashing MCLR, the State Bank of India (SBI) also reduced its fixed deposits rate by 25 basis points for less than Rs 1 crore on various tenure with effects from Wednesday.
After SBI's 5 bps cut in MCLR; two more banks follow suit
Tue, Oct 31, 2017
MCLR was introduced on from April 2016 with an aim to ensure that the banks pass on the benefits of RBI's rate cut to their customer in faster pace.
RBI reduces Statutory Liquidity Ratio to 19.50%; Home loans get another booster
Wed, Oct 04, 2017
From June - till date, RBI has reduced the Statutory Liquidity Ratio by 100 basis points. SLR which stood at 20.5% before June will now reach to 19.50% from next week.
Telecom Commission approves extension of deferred spectrum payment
Fri, Sep 29, 2017
The panel has also approved the shift from pending lending rate (PLR) to marginal cost of funds based lending rate (MCLR) regime for calculation of interest on delayed payment of licence fees and spectrum usage changes plus 400 points.
As India Inc looks away, public and private banks' turf war now shifts to retail loans
Mon, Sep 25, 2017
Retail loan has less exposure in banks stressed assets and has been considered a favourable segment which can boost the lenders credit cycle.
Seven banks have cut: Here are best interest rates offered by banks for your deposits
Thu, Aug 17, 2017
A total of seven banks have revised interest rates on savings bank account between 25 basis points - 100 basis points on various minimum balance.
A Historic Low: What's really happening with bank credit growth?
Fri, Aug 11, 2017
Since the start of fiscal year 2017-18 (FY18) all scheduled commercial banks (SCBs) business ( advances and deposits has seen decline in both year-to-date (YTD) and year-on-year (YoY) basis.
Why are banks choosing to cut savings account interest rates?
Wed, Aug 09, 2017
Two banks namely Axis Bank and SBI have brought down their savings account interest rates by 50 basis points.
Will RBI's 25 basis points repo rate cut impact your home loan EMIs?
Thu, Aug 03, 2017
RBI trimmed down policy repo rate to 6% from 6.25% which is expected to boost housing sector.
Bi-monthly monetary policy: RBI says MCLR performance not 'entirely satisfactory'
Wed, Aug 02, 2017
RBI feels base rate has turned out to be cause of concern which is why it has appointed a group to study various aspects of the MCLR system.
Post demonetisation, Indians may have found their love for personal loans
Tue, Jun 06, 2017
Gross bank credit growth was at Rs 65,93,500 crore in April rising by just 4.3%. Credit growth of the banking sector has been on single-digit since last fiscal has been a concern area of RBI and lenders.
Q4 Review: Reduction in MCLR worked well for private banks but not for PSBs
Mon, May 29, 2017
The financial year 2016-17 (FY17) was no different for the India's banking system as it continues to suffer from single-digit loan growth, weak net interest income (NII) and lack of resolution to its non-performing assets (NPAs).
UCO Bank cuts lending rate by up to 0.8%
Tue, Jan 10, 2017
Public sector lender UCO Bank today slashed its benchmark lending rate by up to 0.8 % in line with market competition. The bank has reduced marginal cost of funds based lending rate (MCLR) by 0.7 % to 8.60 % for 1 year tenor, UCO Bank said in a filing to stock exchanges.
Here's how to convert Rs 1600 saving on your home loan EMI into Rs 17 lakh!
Tue, Jan 03, 2017
State Bank of India, reduced its MCLR rates by 0.90% points across all tenure loans
Planning to buy a house? We compare best home loans for you
Tue, Jan 03, 2017
ICICI Bank on Monday announced a reduction of 0.70% benchmarks across tenures.
Here are new SBI interest rates for your home loans
Mon, Jan 02, 2017
At 1148 hours, the shares of the bank were trading at Rs 244 per piece.