Page 2 - Mclr

MCLR more effective in policy transmission than base rate regime: RBI paper

Using different models, the paper estimates the degree of pass-through of monetary policy to bank lending rates under both the base rate and the MCLR regimes using dynamic panel data regression.

Bank of Baroda to increase MCLR rates by up to 0.2% from August 12

The interest rate hike comes after the Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC) raised the benchmark repo rate by another 50 bps to 5.40 per cent last week

HDFC Bank, IDFC First hike MCLR post repo rate hike by Reserve Bank

Most banks have revised their external benchmark linked loan rates by 50 bps

ICICI Bank, Bank of India, Indiabulls hike rates ahead of MPC meeting

The revised rates for new borrowers range between 7.80 per cent and 8.30 per cent, depending on credit and loan amount

Bank of Maharashtra bucks the trend, cuts MCLR by 20-35 basis points

The state-owned lender cut overnight and one-month MCLR by 25 bps to 6.90 per cent and 7 per cent

Life may get tougher for mid, small size HFCs amid rising rates: Analysts

Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion

Both customers and banks to feel pain in new regime

The banks have a balm for their pain. Probably, shifting to floating rate deposits can work as an anaesthetic gel for some of the customers

Reserve Bank of India penalises Punjab & Sind Bank over non-compliance

The Reserve Bank on Friday said it has imposed a penalty of Rs 27.5 lakh on Punjab & Sind Bank for non-compliance with certain directions issued by it on 'external benchmark-based lending'. A statutory examination of Punjab & Sind Bank revealed non-compliance with the directions, inter-alia, to the extent the bank linked certain floating rate retail loans and floating rate loans to micro and small enterprises, extended by it after October 1, 2019, to MCLR instead of an external benchmark, RBI said. A show cause notice was issued to the bank. "After considering the bank's reply to the notice, oral submissions made in the personal hearing and examination of additional submissions made by it, RBI came to the conclusion that the charge of non-compliance ... was substantiated and warranted imposition of monetary penalty...," RBI said. The Reserve Bank of India (RBI), however, added that the penalty is based on the deficiencies in regulatory compliance and is not intended to ...

HDFC raises interest rate by 5 bps; ICICI Bank raises MCLR by 30 bps

As of December 2021, a little over 39% of banking system loans are linked to the external benchmark, shows RBI data

Axis Bank hikes MCLR by 35 bps across tenors with effect from May 18

Recently, country's largest lender, State Bank of India (SBI), also increased its MCLR by 10 bps. SBI has hiked its MCLR by 20 bps in two months

SBI hikes MCLR by 10 bps across tenures in second such move in two months

New rates effective May 15, overnight one-month and three-month MCLR now at 6.85% vs 6.75% earlier

Loans to be costlier as banks hike rates; SBI, Axis revise MCLR upwards

Kotak Mahindra Bank, increased its one-year MCLR by 5 bps to 7.4 per cent, from April 16

What are BPLR and MCLR, and how do they impact your home loan rates?

If you are planning to take a home loan from a bank, BPLR and MCLR are some of the terms you would come across. What are BPLR and MCLR and how do they impact home loan rates? Let's take a look

TMS, Ep 34: Implication of net-zero goal, Prakash Mallya Q&A, and Fed taper

What will be the economic impact of India's emission-reduction commitments at COP26? What role will Intel play in India's 5G and EV goals? Will the US Fed announce a taper today? All answers here

Banks' pricing of micro-finance loans may soon be linked to MCLR

85% qualifying asset rule for MFIs may be tweaked to assist diversification

Bank of Baroda announces reduction in MCLR by 0.05% across all tenors

Shares of Bank of Baroda were trading 1.76 per cent lower at Rs 47.35 apiece on the BSE

Canara Bank cuts MCLRs by 0.05-0.15 pc for various tenors from Nov 7

The one-year MCLR -- the benchmark for most of the consumer loans -- has been reduced by 0.05 per cent to 7.35 per cent from 7.40 per cent currently, Canara Bank said in a regulatory filing

Central Bank of India reduces MCLR by 5 basis points across all tenors

Central Bank of India has reduced its marginal cost of funds-based lending rates (MCLR) by 5 basis points (bps) across all tenors, effective from Tuesday

Covid-19 impact: New lending formula for road projects on the anvil

The government is looking at an average of the marginal cost of funds-based lending rates, or MCLRs, of several lenders for road construction projects

Firms raising 3-month money at much lower than RBI's overnight rates

Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%