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lending rate
LENDING RATE NEWS
HDFC hikes lending rate by 5 bps; loans to become dearer
June 01, 2022 5:26 pm
The revised rates for new borrowers range between 7.05 per cent and 7.50 per cent, depending on credit score and loan amount. The existing range is 7 per cent to 7.45 per cent.
Punjab National Bank raises benchmark lending rate by 0.15%; EMIs to go up
June 01, 2022 1:36 pm
The new rates are effective from June 1, PNB said in a regulatory filing.
Bank of Baroda hikes MCLR across tenors by 0.05%
April 11, 2022 2:30 pm
The benchmark one-year tenor MLCR will rise to 7.35 per cent The bank has approved the review of marginal cost of funds based lending rate (MCLR) with effect from April 12, 2022, BoB said in a regulatory filing.
‘Lending mkt size doubled last fiscal over FY17’
September 02, 2021 10:57 am
Over the last five years, retail, micro-lending and commercial lending portfolios have seen an increase by 91 per cent, 157 per cent and 93 per cent, respectively.
State Bank of India cuts MCLR by 5-10 bps for shorter tenors
July 08, 2020 11:47 am
With this revision, the bank's MCLR up to three months tenor has come down to 6.65 per cent per annum, which is at par with its external benchmark based lending rate (EBLR).
HDFC cuts lending rate by 20 basis points
June 12, 2020 1:01 pm
The change will benefit all existing HDFC retail home loan and non-home loan customers, the company said in a statement. New rates will now range between 7.65-7.95 per cent for existing salaried home loan customers.
HDFC Bank cuts MCLR by 5 bps
June 10, 2020 4:30 pm
HDFC Bank said its overnight MCLR stands reduced to 7.30 per cent, while one-month MCLR is 7.35 per cent.
SBI cuts MCLR by up to 15 bps across tenors
March 11, 2020 11:04 am
This is tenth consecutive cut in MCLR by the State Bank of India (SBI) in the current fiscal.
State Bank of India lowers MCLR based lending rates by 10 bps
December 09, 2019 1:45 pm
This is the eighth consecutive cut in MCLR by State Bank of India (SBI) this fiscal.
Deposit, lending rates set to rise: SBI report
March 10, 2018 4:06 am
The situation of rising yield has also been aggravated with the bond yields going through the roof. Bond yield in India have jumped by close to three times than what it rose in the US.
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