 "What is a Lending Rate?")
Lending Rate
What is a Lending Rate?
What is lending rate?
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Latest Updates on Lending Rate
LIC Housing Finance raises lending rates by 35 bps, cites market conditions
'Good sustenance in home buying', says mortgage lender in statement
 "LIC Housing Finance raises lending rates by 35 bps, cites market conditions")
Bank of Baroda hikes MCLR up to 30 basis effective December 12
The revised rates will be effective from December 12
 "Bank of Baroda hikes MCLR up to 30 basis effective December 12")
Fintech lenders align business model with RBI's digital lending norms
The RBI came out with the guidelines on digital lending in September and gave time until November 30 for players to comply with the 'existing loan' category
 "Fintech lenders align business model with RBI's digital lending norms")
MPC after-effect: SBI, ICICI Bank, YES Bank, BoI raise lending rates
The hike in lending rates shall be applicable to home loans and consequently, equated monthly instalment payments made by customers.
 "MPC after-effect: SBI, ICICI Bank, YES Bank, BoI raise lending rates")
Comply with digital lending norms for existing loans by Nov 30: RBI
Guidelines applicable to new and existing customers taking fresh loans
LIC Housing Finance hikes prime lending rate by 50 basis point to 8%
LIC Housing Finance increased its Prime Lending Rate by 50 basis points. With this the new interest rates on home loans will now start from 8 per cent as against 7.50 per cent earlier.
 "LIC Housing Finance hikes prime lending rate by 50 basis point to 8%")
Loan disbursements for Paytm up nine-fold to over Rs 5,550 crore
The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)
 "Loan disbursements for Paytm up nine-fold to over Rs 5,550 crore")
Bank of Maharashtra bucks the trend, cuts MCLR by 20-35 basis points
The state-owned lender cut overnight and one-month MCLR by 25 bps to 6.90 per cent and 7 per cent
 "Bank of Maharashtra bucks the trend, cuts MCLR by 20-35 basis points")
Average US mortgage rates show biggest single week jump in 35 years
Average long-term US mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve this week raising its key rate by three-quarters of a point in bid to tame high inflation.
 "Average US mortgage rates show biggest single week jump in 35 years")
Indian Overseas Bank hikes repo based lending rate to 7.25% from May 10
Several banks have revised their lending rates based on repo and marginal cost of funds
 "Indian Overseas Bank hikes repo based lending rate to 7.25% from May 10")
SBI hikes lending rate by 0.1% across all tenures; EMIs to go up
The lending rate revision by SBI is likely to be followed by other banks in the days to come
 "SBI hikes lending rate by 0.1% across all tenures; EMIs to go up")
RBI's MPC is expected to begin raising key lending rate from April
The MPC of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent
 "RBI's MPC is expected to begin raising key lending rate from April")
Banking stocks end with gains after RBI leaves key lending rate unchanged
The highest gainer was Federal Bank Ltd, which rallied 2.2% to end at Rs 104.4
 "Banking stocks end with gains after RBI leaves key lending rate unchanged")
India's largest lender SBI increases benchmark lending rate by 0.1%
State Bank of India (SBI) has increased benchmark lending rate or base rate by 0.1 per cent, a move that may be followed by other lenders.
 "India's largest lender SBI increases benchmark lending rate by 0.1%")
Punjab National Bank cuts repo-based lending rate by 25 bps to 6.55%
State-owned Punjab National Bank (PNB) on Friday said it has slashed the repo-based lending rate by 25 basis points (bps) to 6.55 per cent.
 "Punjab National Bank cuts repo-based lending rate by 25 bps to 6.55%")
HDFC enhances existing limit to borrow via medium-term bonds up to $2.8 bn
The country's largest mortgage lender HDFC Ltd on Wednesday said it has enhanced its existing limit to raise capital through medium-term notes to up to USD 2.8 billion (about Rs 20,875.65 crore).
 "HDFC enhances existing limit to borrow via medium-term bonds up to $2.8 bn")
Top headlines: Banks lending, deposit rate bottomed out; UK clears vaccine
From UK approving Pfizer vaccine for public rollout to plans afoot for creating vaccine supply chain, here are top headlines this morning
Good news for borrowers: Bank of Baroda cuts lending rate by 15 bps to 6.85%
Bank of Baroda, India's third-largest public-sector bank, announced a reduction in repo-linked lending rate from 7 per cent to 6.85 per cent
 "Good news for borrowers: Bank of Baroda cuts lending rate by 15 bps to 6.85%")
RBI's decision to cut lending rate will make loans affordable: Sitharaman
The RBI reduced the repo rate by 40 basis points to a historic low of 4 per cent, besides extending loan moratorium for all retail and commercial borrowers by another three months till Aug 31
 "RBI's decision to cut lending rate will make loans affordable: Sitharaman")
HDFC cuts lending rate by 5 bps for salaried people, effective from March 9
HDFC cuts lending rate by 5 bps for salaried people, effective from March 9
 "HDFC cuts lending rate by 5 bps for salaried people, effective from March 9")
