Page 3 - Lending Rates

Banks start raising their lending rates for external benchmark loans

BOB withdraws interest rebates for home, car loans

Lending rates set to rise; interest rates on deposits may also move up

Consequently, lenders will revise their lending rates upwards, especially on loans, which are linked to an external benchmark

HDFC hikes retail prime lending rate on housing loans by 5 bps

HDFC's adjustable-rate home loans for customers with a credit score of above 750 will now be 6.75% versus 6.70% earlier

Pressure building on banks to raise lending rates, albeit gradually

Real action only after policy rate revision

RBI monetary policy: Rates kept unchanged for continued support to economy

RBI monetary policy 2022: 'India is charting a different course of recovery than the rest of the world, to be the fastest-growing economy,' says RBI governor

China cuts key rates, steps up monetary stimulus to boost economy

Authorities are also stepping up efforts to prop up the troubled property sector

Bond yield rises nearly 6 basis points to a 24-month high of 6.52%

This raises the prospects of higher lending rates

Punjab National Bank cuts benchmark lending rate by 5 bps to 6.50%

Punjab National Bank on Wednesday announced the cut in its benchmark lending rate

State Bank of India to cut base rate by 5 bps to 7.45%, also reduce PLR

Also, it has cut its prime lending rate by 5 bps to 12.20 per cent

Several factors still hinder monetary transmission to bank rates: RBI

Although transmission of deposit and lending rates has significantly improved in recent times, several factors continue to obstruct effective monetary transmission to these bank rates, RBI has said

PFC, REC reduce lending rates by up to 2 percentage points from April 1

State-owned non-banking financial firms Power Finance Corporation (PFC) and REC will reduce lending rates by up to two percentage points from April 1, 2021.

Shopping for money: Private banks had highest WALR in Jan-Sep 2020

Private banks have possibly been lending mainly to lower-rated companies

How a bunch of young Indian CEOs is taking on dark 'Chinese' lending apps

The term Chinese isn't country-specific but refers to shady lenders who trap borrowers with super high interest rates and threats of bodily harm when the money isn't repaid

Loans up to Rs 50 cr for start-ups get priority sector tag in new RBI norms

Lending limit for health infrastructure doubled to Rs 10 crore, says central bank.

Indian Bank cuts 1-year MCLR by 5 bps to 7.3%; effective from September 3

Most of the consumer loans such as personal, auto and home were priced on the basis of the one-year MCLR prior to the introduction of repo-linked lending rate

PNB hikes repo-linked lending rate by 15 bps to 6.8%, effective from Sept 1

The country's second largest lender Punjab National Bank (PNB) on Monday hiked its repo-linked lending rate (RLLR) by 15 basis points (bps) to 6.80 per cent.

SBI eyes three-fold rise in retail, MSME gold loan business in FY21

To use digital banking platform YONO extensively to cut-down on response time and scale up activity for it

Top headlines: RBI MPC meet outcome today, Airtel-Amazon deal, and more

From PM Modi laying foundation stone of Ram Temple, RBI Policy meet likely to keep lending rate unchanged to Airtel signing Amazon deal, here are the top news of the day

Rising real lending rates causing steep fall in credit flows, GDP: Report

The brokerage had last month penciled in 5 to 7.5 per cent contraction in GDP this fiscal, saying each month of lockdown has shaved off 100 bps of the economy

SBI cuts MCLR by 5-10 bps upto three months tenor to revive demand

With this revision, SBI's MCLR upto three-months tenor comes down to 6.65 per cent per annum