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lending rate News
Allahabad Bank hikes benchmark lending rate by 0.05%
Tue, Oct 30, 2018
The Asset Liability Management Committee (ALCO) of the bank has reviewed the existing Marginal Cost of Funds Based Lending Rates (MCLRs) and decided for an upward revision of MCLR by 5 basis points, Allahabad Bank said in a filing to stock exchanges.
RBI maintains status quo; repo rate unchanged at 6%
Wed, Feb 07, 2018
The reverse repo rate under the liquidity adjustment facility (LAF) remains at 5.75%
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.
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.
IFCI cuts benchmark lending rate by 75 basis points
Sat, Jan 14, 2017
The company has reduced benchmark lending rate from 11.50 per cent to 10.75 per cent with monthly rests, IFCI said in a statement.
IDBI Bank reduces MCLR for various tenors; effective from January 1
Sat, Dec 31, 2016
State-run IDBI Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1. For overnight tenor, the bank has reduced its minimum lending rate to 8.50%.
Bank of Baroda cuts lending rate by 0.2%
Tue, Dec 06, 2016
Flushed with deposits, state-owned Bank of Baroda (BoB) on Tuesday cut benchmark lending rates by 0.2%. The new marginal cost of funds based lending rate (MCLR) will be effective from November 1, BoB said.
Demonetisation: SBI cuts bulk deposit rates by up to 1.9%
Thu, Nov 24, 2016
Days after Prime Minister Narendra Modi signalled that rates are on the way down, State Bank of India (SBI) on Wednesday slashed bulk deposit rates by up to 1.9% taking advantage of the surge in deposits following demonetisation.
Net interest margins to be a new pain point for banks?
Fri, Nov 04, 2016
Sumeet Kariwala, Anil Agarwal, Subramanian Iyer and Rahul Gupta of Morgan Stanley, in a report dated November 3, 2016 said that banks are going through NIM pressure due to lending rate cuts, lower interest rates and rising NPLs.