Lending rates

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.

published on : 2nd June 2022

Low bank rates: Borrowers yet to see full benefits

Officials say, the transmission is slow as most of the loans including floating rate loans have a reset periodicity of one year and above, delaying the pass-through.

published on : 15th November 2021

Bank of Maharashtra slashes lending rate by up to 0.1 per cent

Repo Linked Lending Rate (RLLR) has been reduced from 6.90 per cent to 6.80 per cent with effect from October 11, 2021, it said in a statement.

published on : 11th October 2021

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