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
Earlier on Wednesday, three state-owned lenders Punjab National Bank, Indian Bank and Bank of India had announced raising their respective repo-based lending...
This is the second hike in a month raising the cost by 0.2 per cent with the two consecutive increases.
With the RBI's decision to raise the policy rate by 0.40 per cent to 4.40 per cent last week, several banks have revised their lending rates based on repo and...
The bank has hiked the marginal cost of funding-based lending rate (MCLR) by 0.25 per cent across tenors from May 7, as per its website.
The bank's move comes after a number of banks raised their external benchmark based lending rates following an increase of 0.40 per cent in the repo rate
HDFC hikes retail prime lending rate by 30 basis points. Other public, private sector banks expected to follow suit
The Reserve Bank of India has specified the maximum permissible lending possible to a single entity by an NBFC or a group of connected NBFCs.
Bank of Baroda was the first bank to hike MCLR-based lending rate, and then SBI followed suit. Now, Kotak Bank and Axis Bank have also increased their lending...
SBI has increased the MCLR lending rate by 10 basis points or 0.1 per cent. Read here to find out more about this and how your loan EMIs could go up.
The reduction in rates has been possible due to the lower cost of borrowings by these organisations.
Karur Vysya Bank will cut its base rate by 0.25 per cent to 7.75 per cent. It will also revise downwards the benchmark prime lending rate (BPLR) by a similar...
