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Marginal Cost Of Funds Based Lending Rate Mclr
Business  /  Published 05.05.22

EMIs on home loans to rise

The regime of record low interest rates which home loan borrowers were enjoying is all set to end with the Reserve Bank of India (RBI) hiking the policy repo rate by 40 basis points. Commercial banks...
By Our Special Correspondent in Mumbai

Business  /  Published 23.04.22

BoB bucks the trend

State-owned Bank of Baroda (BoB) on Friday went against the tide by reducing the home loan interest rate by a hefty 25 basis points to 6.50 per cent for a limited period. The move comes at a time some...
By Our Special Correspondent in Mumbai

Business  /  Published 03.10.21

Interest cut on telco dues

The government has amended the telecom licence rules to rationalise the interest rate for delayed payment of licence fees. The amendment comes into effect from October 1. The move is expected to ease...
By Our Special Correspondent in New Delhi

Business  /  Published 22.09.21

Ordinance plan for telco sops

The Centre is expected to promulgate an Ordinance to implement some of the reforms announced in the telecom package last week. The four-year moratorium on the repayment of dues on account of adjusted...
By Our Special Correspondent in New Delhi

Business  /  Published 15.09.21

SBI raises base rate to 7.45 %

The State Bank of India has revised its base rate to 7.45 per cent and benchmark prime lending rate to 12.20 per cent. The new rates come into effect from Wednesday (September 15, 2021). According to...
By A Staff Reporter in Calcutta

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Business  /  Published 09.07.20

SBI reduces lending rate, effective from July 10

SBI on Wednesday said it has reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points. However, the reduction, which will be effective from July 10, will apply for shorter ten...
By Our Special Correspondent in Mumbai

Business  /  Published 10.03.19

Limited SBI move impact

The decision by the State Bank of India (SBI) to link its short-term loans and savings deposits above Rs one lakh to the repo rate will have a less-than-desired impact on retail borrowers.Any reductio...
By Our Special Correspondent in Mumbai

Business  /  Published 04.04.19

External yardstick for rates deferred

The RBI has deferred a move to introduce an external benchmark to fix floating rate loans till further consultations with various stakeholders. The SBI, however, has already announced it would link sa...
By Our Special Correspondent in Mumbai

Business  /  Published 10.06.20

Banks in lending rate cut rush

A clutch of banks, public and private, announced cuts in their marginal cost of funds-based lending rate (MCLR) on Wednesday, which will lower EMIs on eligible home loan accounts linked to MCLR.HDFC B...
By PTI in Mumbai

Business  /  Published 11.04.19

IDBI cuts lending rates

LIC-owned IDBI Bank on Thursday followed in the footsteps of its peers by reducing lending rates by 5 basis points across most tenors. The revised rates will be effective from Friday.The new one-year ...
By Our Special Correspondent in Mumbai


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