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Page 5 - Lending Rates

SBI slashes benchmark lending rates by 15 bps after rate cut by RBI

The Reserve Bank of India cut interest rates for a fourth straight meeting in 2019

SBI slashes benchmark lending rates by 15 bps after rate cut by RBI
Updated On : 07 Aug 2019 | 2:35 PM IST

Govt to reduce bank lending rate for exporters, says Piyush Goyal

Goyal said the ministry is in dialogue with banks to see ways to extend foreign currency loans to exporters

Govt to reduce bank lending rate for exporters, says Piyush Goyal
Updated On : 21 Jun 2019 | 11:00 PM IST

Aesop's fable revisited in banking sector

The apex bank has already prescribed a deadline for the implementation of new benchmark rates from April 1

Aesop's fable revisited in banking sector
Updated On : 20 Feb 2019 | 11:20 PM IST

RBI's rate cut won't mean lower lending rates

RBI expects India's growth rate to rise from 7.2% in 2018-19 to 7.4% in 2019-20

RBI's rate cut won't mean lower lending rates
Updated On : 19 Feb 2019 | 12:36 AM IST

Linking lending rates to external benchmarks

Instead of moving the whole banking system to a new lending regime, a practical way forward would be to let the banks continue with the existing system, duly addressing its weaknesses, if any

Linking lending rates to external benchmarks
Updated On : 10 Jan 2019 | 11:14 AM IST

SBI, PNB, ICICI bank raise lending rates by 0.1%; HDFC's RPLP by 10 bps

The MCLR for a three-year tenor increased to 8.45 per cent from 8.35 per cent earlier

SBI, PNB, ICICI bank raise lending rates by 0.1%; HDFC's RPLP by 10 bps
Updated On : 01 Jun 2018 | 11:02 PM IST

Your EMIs are set to rise! SBI, PNB and ICICI Bank increase lending rates

The cost of funds also fell from 6% to 5.42%. However, their NIM contracted by 26 bps to 2.45% in Dec '17

Your EMIs are set to rise! SBI, PNB and ICICI Bank increase lending rates
Updated On : 02 Mar 2018 | 11:09 AM IST

External benchmark may not help borrowers

Let market forces play their part in enabling competitive pricing and innovation by banks

External benchmark may not help borrowers
Updated On : 16 Oct 2017 | 6:10 PM IST

Bankers not enthused by new price formula for lending rate

External benchmark could lead to extreme volatility in the interest rate process, say lenders

Bankers not enthused by new price formula for lending rate
Updated On : 06 Oct 2017 | 12:16 AM IST

Lending rate cuts key to economic recovery: BofAML

According to BofAML, growth is stuck at an 5% (in old GDP series), well below estimated 7% potential

Lending rate cuts key to economic recovery: BofAML
Updated On : 22 Sep 2017 | 3:27 PM IST

4 PSU banks cut lending rates by up to 0.45%, MCLR loans to become cheaper

Four public sector lenders, including Indian Bank and Vijaya Bank, today cut their benchmark lending rates by up to 0.45 per cent. Punjab & Sind Bank reduced the overnight marginal cost of funds based lending rate (MCLR) by 0.45 per cent to 8.15 per cent from 8.60 per cent. It reduced the one-month MCLR by 0.40 per cent to 8.20 per cent, while one-year lending will be cheaper by 0.15 per cent to 8.55 per cent. Chennai-based Indian Bank reduced the MCLR across all segments by 0.15 per cent. Vijaya Bank tweaked interest rates in two segments, including for one-year tenor which will become cheaper by 0.15 per cent to 8.50 per cent. IDBI Bank also reduced MCLR by 5-10 bps across various tenors. "The reduction in MCLR is expected to positively impact loan growth, thereby supporting the growth impulses in the economy," the bank said in a statement. With the reduction in benchmark rates, home, car and other loans linked to MCLR would become cheaper. Banks switched to MCLR as .

4 PSU banks cut lending rates by up to 0.45%, MCLR loans to become cheaper
Updated On : 06 Sep 2017 | 11:16 PM IST

Banks likely to cut lending rates by 25 bps post RBI policy action: BofAML

According to BofAML, reduction in lending rates might trigger high level of liquidity in banks

Banks likely to cut lending rates by 25 bps post RBI policy action: BofAML
Updated On : 06 Aug 2017 | 2:06 PM IST

Dena Bank, SBBJ cut lending rate by up to 0.1%

The new rates will be effective from November 1

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Updated On : 24 Mar 2017 | 3:03 PM IST

Banks slash rates in New Year gift; SBI leads and PNB, Union Bank follow

SBI cuts lending rate by 90 bps; PNB, Union Bank follow suit with 70 bps and 65-90 bps respectively

Banks slash rates in New Year gift; SBI leads and PNB, Union Bank follow
Updated On : 02 Jan 2017 | 8:12 AM IST

ICICI, SBI cut lending rates

The new rate will be effective from November 1

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Updated On : 29 Oct 2016 | 1:18 AM IST

Oriental Bank of Commerce, United Bank cut lending rate by up to 0.15 pc

OBC, United Bank reduce marginal cost of funds based lending rate a few days after RBI cuts repo rate by 0.25 per cent

Oriental Bank of Commerce, United Bank cut lending rate by up to 0.15 pc
Updated On : 07 Oct 2016 | 5:13 PM IST

50 bps lending rate cut likely by Sept: BofA-ML

A report by BofA-ML also said that the RBI is expected to cut rates 25 bps on August 9

50 bps lending rate cut likely by Sept: BofA-ML
Updated On : 06 May 2016 | 7:29 PM IST

Banks in no hurry to cut lending rates

SBI chairman says transmission only after deposit rates come down

Banks in no hurry to cut lending rates
Updated On : 07 Apr 2016 | 1:23 AM IST