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RBI slashes repo rate for the third consecutive time

The six-member RBI Monetary Policy Committee (MPC) decided to slash the current repo rate of 6 per cent to 5.75 per cent effective immediately. The committee which...

RBI hikes repo rate again, second time in a row

Post the August meeting held by the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI), the repo rate was increased by 25...

Axis Bank increases MCLR by 10 basis points

One of the largest private banks in the country, Axis Bank, on Monday increased its MCLR by 0.10 per cent or 10 basis points....

HDFC Bank to offer loans against mutual funds on digital platforms

HDFC, India’s leading private bank and moneylender, in partnership with CAMS has launched an initiative to offer loans against mutual funds on digital platforms....

Finance Ministry partners with 40 firms to extend funding under the...

The Finance Ministry of India recently announced that it has tied-up with around 40 of the largest job creators in the Indian market to...

Fourth Quarter Profit of LIC Housing Finance Recorded at Rs.539 Crore

LIC Housing Finance recorded a profit of Rs.539.32 crore after profit for the fourth quarter of FY 2017-18. The growth recorded in the previous...

Banks offer interest rate cuts and cashback to retail borrowers this...

The slump in corporate demand for loans have resulted in banks offering various discounts for its retail borrowers. The festive season offers from banks...

Four Public Sector Undertaking (PSU) banks lower lending rates

Four PSU lenders have slashed their lending rates. The list of lenders include banks like Vijaya Bank and Indian Bank. They have reduced their...

MFI Grameen Koota to write-off bad loans to the tune of...

Bengaluru-based Microfinance Institution (MFI) Grameen Koota could write-off bad loans to the tune of Rs.100-Rs.150 crore following the inability of borrowers to repay them....

Uttar Pradesh farm loan waiver could leave dent of Rs.27,419 crore...

The Uttar Pradesh (UP) government could leave a gaping monetary hole in banks if it goes ahead with its promise of loan waivers to...