Page 4 - Lending Rates

HDFC slashes lending rate by 10 basis points, effective from Oct 15

New rates will now range between 8.25 per cent and 8.65 per cent and the change will benefit all existing customers

Half a dozen public sector banks cut lending rates by 25 basis points

With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper

ICICI bank loans get cheaper! Lending rates cut by 10 bps across maturities

With this cut, which comes amid repeated RBI nudges to slash rates, the total quantum of rate reduction by the bank since April goes to 0.20 percent

Letter to BS: Banking scenario with deposit erosions will impact liquidity

Unlike public sector banks, private banks adopt a less flexible approach for market survival, as there is no infusion of capital by the government

Prospects of floating lending rate, fixed deposits spook bankers

If the private sector banks don't play ball, there is very little public sector banks can do to make the product a success

After SBI, RBI Guv says all banks should link loans, deposits to repo rate

Calling for radical corporate governance reforms at state-run banks, Das said their real test would be their ability to access capital from the markets rather than depending on the govt

SBI slashes benchmark lending rates by 15 bps after rate cut by RBI

The Reserve Bank of India cut interest rates for a fourth straight meeting in 2019

Govt to reduce bank lending rate for exporters, says Piyush Goyal

Goyal said the ministry is in dialogue with banks to see ways to extend foreign currency loans to exporters

Aesop's fable revisited in banking sector

The apex bank has already prescribed a deadline for the implementation of new benchmark rates from April 1

RBI's rate cut won't mean lower lending rates

RBI expects India's growth rate to rise from 7.2% in 2018-19 to 7.4% in 2019-20

Linking lending rates to external benchmarks

Instead of moving the whole banking system to a new lending regime, a practical way forward would be to let the banks continue with the existing system, duly addressing its weaknesses, if any

SBI, PNB, ICICI bank raise lending rates by 0.1%; HDFC's RPLP by 10 bps

The MCLR for a three-year tenor increased to 8.45 per cent from 8.35 per cent earlier

Your EMIs are set to rise! SBI, PNB and ICICI Bank increase lending rates

The cost of funds also fell from 6% to 5.42%. However, their NIM contracted by 26 bps to 2.45% in Dec '17

External benchmark may not help borrowers

Let market forces play their part in enabling competitive pricing and innovation by banks

Bankers not enthused by new price formula for lending rate

External benchmark could lead to extreme volatility in the interest rate process, say lenders

Lending rate cuts key to economic recovery: BofAML

According to BofAML, growth is stuck at an 5% (in old GDP series), well below estimated 7% potential

4 PSU banks cut lending rates by up to 0.45%, MCLR loans to become cheaper

Four public sector lenders, including Indian Bank and Vijaya Bank, today cut their benchmark lending rates by up to 0.45 per cent. Punjab & Sind Bank reduced the overnight marginal cost of funds based lending rate (MCLR) by 0.45 per cent to 8.15 per cent from 8.60 per cent. It reduced the one-month MCLR by 0.40 per cent to 8.20 per cent, while one-year lending will be cheaper by 0.15 per cent to 8.55 per cent. Chennai-based Indian Bank reduced the MCLR across all segments by 0.15 per cent. Vijaya Bank tweaked interest rates in two segments, including for one-year tenor which will become cheaper by 0.15 per cent to 8.50 per cent. IDBI Bank also reduced MCLR by 5-10 bps across various tenors. "The reduction in MCLR is expected to positively impact loan growth, thereby supporting the growth impulses in the economy," the bank said in a statement. With the reduction in benchmark rates, home, car and other loans linked to MCLR would become cheaper. Banks switched to MCLR as .

Banks likely to cut lending rates by 25 bps post RBI policy action: BofAML

According to BofAML, reduction in lending rates might trigger high level of liquidity in banks

Dena Bank, SBBJ cut lending rate by up to 0.1%

The new rates will be effective from November 1

Banks slash rates in New Year gift; SBI leads and PNB, Union Bank follow

SBI cuts lending rate by 90 bps; PNB, Union Bank follow suit with 70 bps and 65-90 bps respectively