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SBI, HDFC, ICICI and PNB hike lending rates: Your EMIs to go up, new loans to be costlier; what you should do
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.
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Industrial Finance Corporation of India expects resolution of NPA cases worth Rs 8,000 cr during this fiscal
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.
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ICRA expects borrowers to switch from base rate to MCLR
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".
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