Page 4 - Lending Rates

Fair solution to rate transmission in the works: FM Nirmala Sitharaman

The finance minister told the industry it needed to introspect on how businesses are run and on Aatmanirbhar Bharat, for India to realise the full potential.

Bank deposits grow at 11.3% but credit growth moderates, shows data

Banks have also lowered their lending rates following the cut in the benchmark rates by the Reserve Bank of India (RBI).

After deposit rate cuts in May, SBI now slashes lending rates by 25-75 bps

Move will have to be matched by other lenders at a time when margins are under pressure due to extended loan moratorium and a ruling due on whether they can charge interest on the moratorium after all

SBI to cut MCLR by 25 basis points from June 10 across all tenors

The one year MCLR has been revised to 7 per cent from 7.25 per cent, the bank said in a release

Bank lending targets under Rs 20-trn stimulus unfeasible: Ex-RBI deputy guv

There are other segments of the economy as well which are in need of credit, says R Gandhi

Punjab National Bank reduces lending rate linked to repo by 40 bps

The bank's marginal cost of funds-based lending rate (MCLR) has also been revised downwards by 15 bps across all tenors.

UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper

The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors

Experts disagree with MPC stance that inflation will fall below 4% in H2

RBI acknowledges economy will contract in the current fiscal even as independent experts have already assessed so.

SBI cuts lending rate by 15 bps, launches scheme for senior citizens

The State Bank of India (SBI) has introduced a special deposit scheme for senior citizens with a higher interest rate

Union Bank of India reduces lending rates by 75 bps in line with RBI cut

The new rate will be applicable for all floating-rate personal or retail loans (such as housing and automobiles) and floating-rate loans to micro, small and medium enterprises

RBI says can't rule out any policy measure to counter coronavirus impact

RBI governor Shakikanta Das announces US dollar sell/buy swap and Long Term Repo Operation.

HDFC cuts lending rate by 5 bps for salaried people, effective from March 9

HDFC cuts lending rate by 5 bps for salaried people, effective from March 9

Cut in lending rates insufficient to boost credit growth: BofA Securities

The Reserve Bank cut rates in five consecutive reviews in 2019 before pausing in December due to surge in inflation

China scraps benchmark lending rate to liberalise financial system

The LPR, revamped to become the benchmark for new loans this year, is based on the interest rate for one-year loans

HDFC slashes lending rate by 10 basis points, effective from Oct 15

New rates will now range between 8.25 per cent and 8.65 per cent and the change will benefit all existing customers

Half a dozen public sector banks cut lending rates by 25 basis points

With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper

ICICI bank loans get cheaper! Lending rates cut by 10 bps across maturities

With this cut, which comes amid repeated RBI nudges to slash rates, the total quantum of rate reduction by the bank since April goes to 0.20 percent

Letter to BS: Banking scenario with deposit erosions will impact liquidity

Unlike public sector banks, private banks adopt a less flexible approach for market survival, as there is no infusion of capital by the government

Prospects of floating lending rate, fixed deposits spook bankers

If the private sector banks don't play ball, there is very little public sector banks can do to make the product a success

After SBI, RBI Guv says all banks should link loans, deposits to repo rate

Calling for radical corporate governance reforms at state-run banks, Das said their real test would be their ability to access capital from the markets rather than depending on the govt