Page 2 - Lending Rates

HDFC raises Retail Prime Lending Rate on housing loans by 50 bps

Following the RBI MPC's decision to raise benchmark policy rate by 50 bps, many lenders, including ICICI Bank and BoB, have also raised their external benchmark linked loan rates by an equal amount

HDFC bank hikes MCLR by 35 bps across all tenures effective June 7

HDFC Bank has hiked its MCLR by 60 basis points since the Monetary Policy Committee (MPC) hiked the benchmark policy rate by 40 basis points in early May

Canara Bank, Karur Vysya raise lending rates ahead of RBI's MPC review

State-owned Canara Bank has raised the marginal cost of funds based lending rate (MCLR) by 0.05 per cent of 5 basis points to 7.40 per cent for one year tenure

Punjab National Bank raises benchmark lending rate by 0.15%; EMIs to go up

State-owned PNB raised its marginal cost of funds-based lending rate by 15 basis points or 0.15 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers

Punjab National Bank to hike repo-linked lending rate from next month

Punjab National Bank (PNB) chief Atul Kumar Goel on Thursday said the bank will raise the repo-linked lending rates from next month. The move comes against the backdrop of Reserve Bank of India (RBI) hiking the repo rate by 40 basis points (bps) last week amid rising inflation. Goel, the state-owned lender's MD and CEO, told reporters that interest rates are certain to rise a tad going further. "With 40 bps rise in repo rate... so according to our policy, from June 1, the same quantum raise in lending rates will be there. So there will be some increase in the loan rate for sure," Goel said. Repo rate is the rate at which banks borrow short term money from RBI. With effect from May 7, the city-headquartered lender had raised interest rates on term deposits in select buckets up to 0.60 per cent. A number of banks have already raise the repo-linked lending rates for their customers after the RBI rate hike. Some have also increased their deposit rates. About the bank's performance i

Rate hike, rise in bond yields, rupee fall to hit India Inc margins

The rate hike and the consequent rise in bond yields and upward revisions in lending rates by banks will raise companies' funding costs

Banks start raising their lending rates for external benchmark loans

BOB withdraws interest rebates for home, car loans

Lending rates set to rise; interest rates on deposits may also move up

Consequently, lenders will revise their lending rates upwards, especially on loans, which are linked to an external benchmark

HDFC hikes retail prime lending rate on housing loans by 5 bps

HDFC's adjustable-rate home loans for customers with a credit score of above 750 will now be 6.75% versus 6.70% earlier

Pressure building on banks to raise lending rates, albeit gradually

Real action only after policy rate revision

RBI monetary policy: Rates kept unchanged for continued support to economy

RBI monetary policy 2022: 'India is charting a different course of recovery than the rest of the world, to be the fastest-growing economy,' says RBI governor

China cuts key rates, steps up monetary stimulus to boost economy

Authorities are also stepping up efforts to prop up the troubled property sector

Bond yield rises nearly 6 basis points to a 24-month high of 6.52%

This raises the prospects of higher lending rates

Punjab National Bank cuts benchmark lending rate by 5 bps to 6.50%

Punjab National Bank on Wednesday announced the cut in its benchmark lending rate

State Bank of India to cut base rate by 5 bps to 7.45%, also reduce PLR

Also, it has cut its prime lending rate by 5 bps to 12.20 per cent

Several factors still hinder monetary transmission to bank rates: RBI

Although transmission of deposit and lending rates has significantly improved in recent times, several factors continue to obstruct effective monetary transmission to these bank rates, RBI has said

PFC, REC reduce lending rates by up to 2 percentage points from April 1

State-owned non-banking financial firms Power Finance Corporation (PFC) and REC will reduce lending rates by up to two percentage points from April 1, 2021.

Shopping for money: Private banks had highest WALR in Jan-Sep 2020

Private banks have possibly been lending mainly to lower-rated companies

How a bunch of young Indian CEOs is taking on dark 'Chinese' lending apps

The term Chinese isn't country-specific but refers to shady lenders who trap borrowers with super high interest rates and threats of bodily harm when the money isn't repaid

Loans up to Rs 50 cr for start-ups get priority sector tag in new RBI norms

Lending limit for health infrastructure doubled to Rs 10 crore, says central bank.