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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...

Indian Overseas Bank slashes its one-year lending rate by 5 bps

Following the Reserve Bank of India’s decision to reduce the repo rate by 25 bps to 6% in order to boost the growth of...

SBI: Small loan and deposit rates will continue to be linked...

The Chairman of State Bank of India (SBI), Rajnish Kumar, confirmed on Saturday that small loans and deposits i.e. those that are valued below Rs.1 lakh...

Union Bank of India reduces MCLR by 10 basis points

The Union Bank of India, one of the renowned public sector banks in India, has announced a reduction in its marginal cost of funds-based...

Punjab National Bank reduces MCLR by 10bps

The public sector bank, Punjab National Bank (PNB), announced on Wednesday that it has decreased the Marginal Cost of funds based Lending Rate (MCLR) by 10 bps (basis points) for...

RBI unexpectedly lowers benchmark rates

The Reserve Bank of India (RBI) lowered the interest rates in the policy meeting which saw Shaktikanta Das debut as the new governor of the RBI, according...

SBI, ICICI Bank increase loan interest rates

Repaying a loan could become an expensive affair, with two of the largest banks in India, SBI and ICICI Bank hiking their home loan...

ICICI hikes Fixed Deposit interest rates post hike in repo rate

ICICI Bank raised the Fixed Deposit (FD) interest rates for select tenures starting from the 290 days to less than 1 year tenure. The...

Indiabulls Housing Finance increases interest rate by 0.25%

Indiabulls Housing Finance, one of the leading mortgage lenders in the country has hiked the interest rate on its loans by as much as...

HDFC hikes interest rates by 20 bps

HDFC Bank, one of the largest lenders in the country increased the interest rates on its home loans by 20 bps (0.20 per cent)....