Lending rates

	RBI asks lending institutions to implement waiver of interest on interest scheme The government had asked the lending institutions to complete the exercise of crediting the amount in the accounts of borrowers by November 5. published on : 27th October 2020
	Canara Bank, Bank of Maharashtra cut MCLR Bengaluru-based Canara Bank has cut its one-year MCLR to 7.55 per cent from 7.65 per cent earlier. published on : 6th July 2020
	Canara Bank slashes interest rates on loans/advances Repo Linked Lending Rate (RLLR) has been reduced by 75 basis points from 8.05 per cent to 7.30 per cent effective from Tuesday, it said in a statement. published on : 6th April 2020
	Bank of Baroda cuts personal, retail loan rates by .75 bps to 7.25 per cent 'We encourage customers to avail of the credit lines that have been opened and assure that the Bank is available at all times to meet all the credit requirements ,' said the bank. published on : 30th March 2020
	China slashes interest rate, pumps USD 7 billion into market to counter coronavirus impact It was the "largest cut since 2015 and takes the 7-day reverse repo rate to its lowest on record", said Julian Evans-Pritchard, senior China economist at Capital Economics. published on : 30th March 2020
	RBI fires Friday bazooka: 3-month moratorium on all EMIs; lending rates slashed to 4.4% Shaktikanta Das summoned an out-of-turn meeting of the Monetary Policy Committee, which despite a 4-2 vote split, went for a 'whatever it takes' approach to rate cuts. published on : 27th March 2020
	Reduction in lending rates insufficient to boost credit growth: Bank of America Securities The Reserve Bank cut rates in five consecutive reviews in 2019 before pausing in December due to surge in inflation. published on : 18th February 2020
	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. published on : 1st August 2018
	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. published on : 1st March 2018
	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. published on : 1st March 2018