Fri, Sep 02, 2022
The Reserve Bank of India (RBI) Governor, Shaktikanta Das, on Friday said that it is important to strike a balance between lending and deposit rates.
Besides, the lender also revised the treasury bills benchmark lending rate (TBLR) in the range of 5.55 per cent to 6.20 per cent for various tenors.
Tue, Jun 07, 2022
The parent company of the lender – HDFC along with other banking and finance entities has also hiked the lending rates following an increase in key interest rates.
Wed, Jan 19, 2022
In the last about one year, both the organisations have reduced lending rates cumulatively by up to 3%.
Sun, Oct 14, 2018
"CPI inflation marginally increased to 3.77 per cent in September 2018. Interestingly, on a m-o-m basis, rural food inflation has registered a decline, even as headline registered an increase," the report said.
Tue, Oct 02, 2018
Costlier loans on cards: The largest public sector bank, SBI has also increased its Marginal Cost of funds based Lending Rate (MCLR) by 5 basis points with effect from October 1.
Sun, Sep 16, 2018
As many as seven cases were resolved through the National Company Law Tribunal (NCLT) and payment has been received in Bhushan Steel, Basai Steel & Power Limited and Monnet Ispat cases, he said.
Wed, Jan 17, 2018
The move to increase MCLR comes days after the nation's largest lender SBI had lowered its rates
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.
Sun, Aug 06, 2017
According to Bank of America Merrill Lynch (BofAML), the global financial services major, a reduction in lending rates by 25 bps before the busy season starts in October is likely to give loan demand a leg-up.
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.
Wed, Jun 21, 2017
Urjit Patel, during the MPC meeting held on June 6-7, also underlined the need for resolution of stressed assets of banks and timely recapitalisation of public sector lenders.
Thu, Apr 20, 2017
Vegetable prices, which had declined sharply during November 2016 to January 2017, seem to have stabilised but may go up in the coming months due to a seasonal pick up, Patel said.
Mon, Jan 30, 2017
ICRA has projected India's credit growth to remain at similar levels in the range of 5% to 6% in FY17 on the back of muted credit demand.
Tue, Jan 17, 2017
In view of the increased differential of 100 basis points (bps) between base rate and the Marginal Cost of Funds based Lending Rate, the credit rating agency said, it "expects a number of borrowers to switch from base rate to MCLR".
Sat, Jan 14, 2017
For loans of overnight tenure and one month, the new MCLR will be 7.90 per cent, and three-month tenure will attract a revised rate of 8.05 per cent, while those for six months, one year will be 8.15 percent and 8.25 per cent respectively.
Thu, Jan 05, 2017
Not only banks but NBFCs have been in a rate cut war. Both banks and NBFC have reduced MCLR in the range of 40 basis points - 90 basis points within just 4 days of January 2017.
Wed, Jan 04, 2017
"We think, the reset dates are fairly elongated for retail loans (transmission is slow), versus corporate/working capital loans where transmission could be faster," Jefferies added.
Mon, Jan 02, 2017
Other private banks are likely to slash MCLR rates soon.
Mon, Nov 21, 2016
The government has acknowledged that the disruption would last weeks because of delays in note printing and technical problems with ATM machines, but Modi has made a plea for patience until Dec. 30. The government said it could not have printed new notes or recalibrated cash machines in advance for fear of the move leaking out.
Sun, Nov 13, 2016
Domestic ratings agency Icra has said that it expects a 0.03-0.10 per cent dip in the cost of deposits in the near to medium term because of the surge. This reduction can be passed on to borrowers through a cut in the marginal cost of funding based lending rate.
Mon, Nov 07, 2016
Indian banks are needed to revise MCLR rate monthly by taking in account factors like the repo rate and other borrowing rates.
Sat, Nov 05, 2016
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