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