Banks starts raising lending rates after RBI’s policy rate hike
Hike in lending rates by banks comes after the RBI, last week, raised repo rate by 25 bps points in its fight against inflation.
Banks increase lending rates by 190 bps in tandem with RBI's repo rate hike
Further, banks have also increased their 1-year median marginal cost of funds-based lending rate (MCLR) by 85 bps from May to October 2022.
SBI raises benchmark lending rates by up to 50 basis points
With the increase in lending rate, EMIs will go up for those borrowers who have availed loans on MCLR, EBLR or RLLR.
LIC Housing Finance hikes lending rate by 60 basis points
With this increase, the new interest rates, effective from June 20, on home loans will now start from 7.50 per cent, the company said in a release.
HDFC Bank increases lending rates by 0.35 per cent; second hike in two months
As per the new rate structure published on its website, HDFC Bank increased its Marginal Cost of funding based Lending Rate by 0.35 per cent from June 7.
Another rate hike on cards, say experts ahead of RBI's MPC meeting
There are speculations that the central bank may go for at least 35 basis points hike over and above the 40 bps hike effected last month after an off-cycle Monetary Policy Committee meeting.
Home loans, EMIs get dearer days ahead of RBI MPC meet
PNB and ICICI Bank have raised their internal benchmark or marginal cost of fund-based lending rate (MCLR) by 15 basis points (bps) and 30 bps each effective June 1.
HDFC hikes lending rate by 30 basis points; loans to become dearer
Earlier this month, HDFC had increased its benchmark lending rate by 5 basis points making EMI for existing borrowers expensive.
Sensex slips from record after RBI hikes repo rate; bank, auto stocks drag
The domestic equity indices traded in the red during the late-afternoon trade session soon after the Reserve Bank of India increased its key lending rates, which was widely expected.
Home, auto loan EMIs to go up as State Bank of India, Punjab National Bank hike lending rates
Two state-run lenders State Bank of India and Punjab National Bank today raised their lending rates by up to 20 basis points.
After SBI, PNB hikes lending rates from 8.15 to 8.30 per cent
The Punjab National Bank (PNB) on Thursday increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 15 bps, with immediate effect.
State Bank of India hikes interest rates on loans from 7.95 to 8.15 per cent
State Bank of India, the country's top lender by assets, raised marginal cost-based lending rates across most maturities, effective immediately.
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