HDFC Bank Raises MCLR Rate; Loans, EMIs Get Costlier; Check Details
2 years ago

HDFC Bank Raises MCLR Rate; Loans, EMIs Get Costlier; Check Details

News 18  

HDFC Bank, India’s largest private sector lender, has raised its marginal cost of funds-based lending rate, effective from December 7, 2022, thus making home, vehicle and personal loans expensive. The bank’s one-month MCLR has been raised by 5 basis points from 8.25 per cent to 8.30 per cent, while its three-month and six-month MCLRs not stand at 8.35 per cent and 8.45 per cent, respectively. According to HDFC Bank’s website, its benchmark one-year MCLR now stands at 8.60 per cent, the two-year MCLR has been increased to 8.70 per cent, and the three-year MCLR has risen to 8.80 per cent from 8.75 per cent earlier. With the latest hike, its benchmark one-year MCLR now stands at 8.10 per cent, compared with 8.05 per cent earlier. In the consecutive fifth hike this year, the RBI’s Monetary Policy Committee on Wednesday raised the repo rate by 35 basis points to 6.25 per cent with immediate effect, making loans expensive.

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History of this topic

HDFC Bank hikes MCLR for short-term loans. What borrowers need to know
2 weeks, 1 day ago

HDFC Bank hikes MCLR for short-term loans. What borrowers need to know

India Today  

HDFC Bank has increased its marginal cost of funds-based lending rate on short-term tenures by up to 5 basis points, effective December 7, 2024. Introduced by the Reserve Bank of India in 2016 to replace the base rate system, MCLR reflects the actual cost of funds for banks. A lower MCLR means lower interest rates and EMIs, while a higher …

MCLR vs Base Rate: Which one is better for you? 3 experts weigh in
2 weeks, 6 days ago

MCLR vs Base Rate: Which one is better for you? 3 experts weigh in

Live Mint  

Interest rates, be it to individuals or institutions, play a crucial role in planning finances. Two distinct rates employed to calculate the interest for any loan are the base rate and the marginal cost of funds-based lending rate. According to the Reserve Bank of India, commercial banks are required to implement a minimum lending rate that would be referred to …

Lending rates: Top 5 banks charge these MCLR across tenures on floating rate loans
1 month ago

Lending rates: Top 5 banks charge these MCLR across tenures on floating rate loans

Live Mint  

If you are planning to raise a floating rate loan such as home loan, it is vital to know the MCLR rates which the banks are currently charging. HDFC Bank: HDFC Bank's overnight MCLR is 9.15 percent, one month MCLR is 9.2 percent, 3-month MCLR is 9.3 percent, 6-month MCLR is 9.45 percent, one year MCLR is 9.45 percent, two …

EMIs to go up? SBI raises lending rates by 5 basis points for THESE tenures. Check details
1 month, 1 week ago

EMIs to go up? SBI raises lending rates by 5 basis points for THESE tenures. Check details

Live Mint  

State Bank of India has raised the marginal cost of funds based lending rates, MCLR, with effect from Friday. New lending rates with effect from Nov 15 Tenures Existing rate New rate Over night 8.20 8.20 One month 8.20 8.20 Three month 8.50 8.55 Six month 8.85 8.90 One year 8.95 9.00 Two years 9.05 9.05 Three years 9.10 9.10 …

HDFC Bank raises MCLR lending rates for THESE tenures; check here
1 month, 2 weeks ago

HDFC Bank raises MCLR lending rates for THESE tenures; check here

Live Mint  

HDFC Bank on Thursday raised its marginal cost of lending based rates by 5 basis points across three tenors. As per the latest rates which came into force on Nov 7, the MCLR rate for overnight now stands at 9.15 percent, which is 5 basis points higher than the earlier rate. The lending rates for other tenures i.e., 3 months, …

HDFC Bank hikes loan interest rates on select short-term tenures, check details inside
1 month, 2 weeks ago

HDFC Bank hikes loan interest rates on select short-term tenures, check details inside

India TV News  

HDFC Bank on Thursday increased the Marginal Cost of Funds-Based Lending Rates for select short-term tenures from November 7, 2024. The loan rate revision, which sees an increase of up to 5 basis points, applies to the overnight, one-month, and three-year tenures, the bank said on its website. Tenor MCLR Overnight 9.15% 1 Month 9.20% 3 Month 9.30% 6 Month …

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase
4 months, 1 week ago

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase

Deccan Chronicle  

Mumbai: The country’s largest lender State Bank of India has raised its Marginal Cost of Funds-based Lending Rate by 10 basis points across all tenors impacting largely some old individual borrowers or companies whose loans are still linked to MCLR. According to Vipul Patel, founder, of Mortgageworld, a home loan advisory company, “While new borrowers have their loan rates linked …

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here
4 months, 1 week ago

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here

News 18  

State Bank of India, India’s largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points. SBI Revised MCLR Rates SBI’s overnight MCLR has increased from 8.10% to 8.20%. The changes in MCLR rates are as follows: Impact On Loans The interest rates on loans are also likely to rise by a similar measure, and EMIs …

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?
4 months, 1 week ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News  

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

SBI hikes loan interest rates from today, EMIs for personal, auto loans to rise | Check details
5 months, 1 week ago

SBI hikes loan interest rates from today, EMIs for personal, auto loans to rise | Check details

India TV News  

SBI loan: Taking a loan from the State Bank of India, the country's largest public sector bank, has become more costly today. It's important to note that EMIs for personal and auto loans linked to the MCLR will rise, while home loans tied to the repo rate will remain unchanged. SBI's new interest rates SBI has increased the one-month MCLR …

HDFC Bank system upgrade alert: Services to be impacted on July 13
5 months, 2 weeks ago

HDFC Bank system upgrade alert: Services to be impacted on July 13

India TV News  

HDFC Bank has announced a scheduled system upgrade on Saturday, July 13, 2024, aimed at enhancing performance speed, increasing capacity, and improving overall system reliability. Interest rate hike HDFC Bank has announced an increase in its marginal cost of funds-based lending rates by up to 10 basis points effective July 8, 2024. Other HDFC Bank lending rates Prime Lending Rate: …

SBI Raises Lending Rates By 10 Basis Points, EMIs Set To Increase
6 months, 1 week ago

SBI Raises Lending Rates By 10 Basis Points, EMIs Set To Increase

ABP News  

The State Bank of India, India's largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points, equivalent to 0.1 per cent, across all loan tenures. Similarly, the overnight MCLR has increased to 8.10 per cent from 8.00 per cent, while the one-month and three-month MCLR rates have increased to 8.30 per cent from 8.20 per …

HDFC Bank hikes home loan interest rates by 10-15 bps upto 9.8%: Complete details here
8 months, 3 weeks ago

HDFC Bank hikes home loan interest rates by 10-15 bps upto 9.8%: Complete details here

Hindustan Times  

HDFC Bank increased its repo-linked home loan interest rates by 10-15 basis points to a range between 9.05 percent to 9.8 percent in March. Other major private and public sector banks also offer home loans at interest rates ranging from 8.70 per cent to 10.05 per cent. ICICI Bank offers interest rates for home loans with range from 9 per …

HDFC Bank raises MCLR by up to 10bps. Check the latest rates here
10 months, 2 weeks ago

HDFC Bank raises MCLR by up to 10bps. Check the latest rates here

Live Mint  

HDFC Bank has revised its marginal cost of funds-based lending rates, also known as MCLR. The overnight MCLR rate has been raised by 10 basis points to 8.9 percent, one-month MCLR after rising by 10 basis points is now 8.95 percent, 3-month MCLR is 9.10 percent and six-month MCLR is 9.30 percent. The one-year MCLR, which is the rate linked …

PNB raises FD rate again: These are the fixed deposit rates offered by 5 major banks
11 months, 1 week ago

PNB raises FD rate again: These are the fixed deposit rates offered by 5 major banks

Live Mint  

Several banks have raised their interest rates on fixed deposits in the past one month. Meanwhile, the deadline of State Bank of India's special tenure FD of 400 days wherein it offers 7.10 percent per annum rate has been extended by another three months until March 31, 2024. Punjab National Bank: PNB recently raised interest rate on fixed deposits of …

HDFC Bank Vs ICICI Bank Vs PNB: Check Latest FD Interest Rate Comparison
1 year ago

HDFC Bank Vs ICICI Bank Vs PNB: Check Latest FD Interest Rate Comparison

News 18  

HDFC Bank Vs ICICI Bank Vs PNB FD Rate Comparison: Even as the RBI last week kept the key interest rates unchanged for the fifth time in a row, banks are going to watch the latest inflation numbers to decide on their interest rates decision as the central bank’s priority is inflation. HDFC Bank is now offering up to 7.75 …

EMIs to go up! HDFC Bank hikes benchmark MCLR. Check lending rates here
1 year, 2 months ago

EMIs to go up! HDFC Bank hikes benchmark MCLR. Check lending rates here

Live Mint  

Private sector lender HDFC Bank has hiked the benchmark marginal cost of funds-based lending rates by up to 10 basis points on select tenures. HDFC Bank loan interest rates After the latest hike, HDFC Bank's overnight MCLR is now 8.60%. HDFC Bank's Marginal Cost Of Funds-Based Lending Rates effective 7 October 2023 Overnight 8.60% 1 Month 8.65% 3 Month 8.85% …

HDFC Bank to IndusInd Bank: These three banks have revised FD rates
1 year, 2 months ago

HDFC Bank to IndusInd Bank: These three banks have revised FD rates

Live Mint  

HDFC Bank has reduced fixed deposit interest rates on select tenures. Apart from HDFC Bank, IndusInd Bank, Punjab & Sindh Bank have also revised FD interest rates on their term deposits. IndusInd Bank revises FD rates The private sector lender IndusInd Bank has revised its interest rates on fixed deposits of less than ₹2 crore Following the revision, the bank …

Banks to see margin pressure amid hike in deposit rates: Jefferies
1 year, 3 months ago

Banks to see margin pressure amid hike in deposit rates: Jefferies

Live Mint  

With the rising interest rate environment, most Indian banks are likely to see some pressure on their net interest margins over the next two to three quarters. Since December 2021, most Indian banks have taken a 170-210 basis points hike in their term deposit rates, with larger private banks and State Bank of India taking hikes of around 170-210 bps, …

HDFC, ICICI, Canara among five banks that have hiked lending rates this month
1 year, 4 months ago

HDFC, ICICI, Canara among five banks that have hiked lending rates this month

Live Mint  

Banks have been hiking lending rates. In August, top banks in India, including HDFC Bank, ICICI Bank, Bank of Baroda, and Bank of India increased their marginal cost of funds-based lending rate. HDFC Bank MCLR rates in August 2023 HDFC Bank has hiked benchmark marginal cost of funds-based lending rates by 15 basis points on select tenures with effect from …

Bandhan Bank revises FCNR deposits, lending rates from 1 July
1 year, 5 months ago

Bandhan Bank revises FCNR deposits, lending rates from 1 July

Live Mint  

Private sector lender, Bandhan Bank has revised its Foreign Currency Non-Resident Account deposit rates for July month. FCNR deposits: As per the bank's website, for July 2023, Bandhan Bank is offering 4.56% in USD for tenures from 1 year to less than 5 years. MCLR: Bandhan Bank has revised its marginal cost of funds-based lending rates effective from July 1, …

EMIs alert: IndusInd Bank hikes lending rates; RBL Bank cuts MCLR
1 year, 6 months ago

EMIs alert: IndusInd Bank hikes lending rates; RBL Bank cuts MCLR

Live Mint  

Two private sector lenders IndusInd Bank and RBL Bank have made key changes in their marginal cost of funds-based lending rates for select tenures. While IndusInd has increased its MCLR rate by 5 basis points to 10 basis points, on the contrary, RBL Bank has trimmed this benchmark lending rate by 10 basis points. IndusInd Bank: IndusInd increased MCLR by …

HDFC Bank slashes MCLR by up to 85 bps on these tenures; check here
1 year, 8 months ago

HDFC Bank slashes MCLR by up to 85 bps on these tenures; check here

Live Mint  

HDFC Bank, one of India's leading banks, has recently announced a reduction in its Marginal Cost Based Lending Rate for specific tenures by up to 85 basis points. The overnight MCLR has been reduced by 85 basis points, now standing at 7.80 per cent compared to the previous rate of 8.65 per cent. Additionally, the one-month MCLR has been lowered …

Bank FD: ICICI Bank vs PNB vs HDFC Bank; Check Comparison of Latest Interest Rates
1 year, 8 months ago

Bank FD: ICICI Bank vs PNB vs HDFC Bank; Check Comparison of Latest Interest Rates

News 18  

Several banks, including SBI, ICICI Bank, HDFC Bank and SBI, have raised their interest rates on both deposits and loans multiple times in the recent past due to the back-to-back repo rate hikes by RBI. Here’s the comparison of fixed deposit interest rates: The RBI MPC in February raised the key repo rate by 25 basis points to 6.50 per …

Kotak Mahindra Bank hikes lending rates. Loan EMIs to increase further
1 year, 9 months ago

Kotak Mahindra Bank hikes lending rates. Loan EMIs to increase further

Live Mint  

Kotak Mahindra Bank has increased its lending rates by 5 basis points across tenures. The bank has set the rate for one, two, and three year tenure at 9.05%, 9.10%, and 9.25% The Marginal Cost of Funds based Lending Rate with effect from Mar 16, 2023 for various tenors Overnight - 8.25% One Month -8.50% Three Month -8.65% Six Month …

Bank FD: ICICI Bank vs Axis Bank vs HDFC Bank; Check Comparison of Latest Interest Rates
1 year, 9 months ago

Bank FD: ICICI Bank vs Axis Bank vs HDFC Bank; Check Comparison of Latest Interest Rates

News 18  

Several banks, including Axis Bank, ICICI Bank, HDFC Bank and SBI, have raised their interest rates on both deposits and loans multiple times in the recent past. The RBI MPC last month raised the key repo rate by 25 basis points to 6.50 per cent. Here’s the comparison of the current fixed deposit interest rates offered by three lenders Axis …

HDFC offers 8% interest rate on these fixed deposits (FDs) to senior citizens
1 year, 9 months ago

HDFC offers 8% interest rate on these fixed deposits (FDs) to senior citizens

Live Mint  

Mortgage lender HDFC has introduced ‘Diamond deposits’ for senior citizens with interest rate of 8% p.a. Most of the popular banks including the State Bank of India, ICICI Bank and HDFC Bank offer special fixed deposit schemes, especially for senior citizen depositors. HDFC has also increased its retail prime lending rate by 25 basis points to a minimum of 9.20 …

HDFC & ICICI Bank Hike Interest Rates On FDs As RBI Increases Repo Rate
1 year, 10 months ago

HDFC & ICICI Bank Hike Interest Rates On FDs As RBI Increases Repo Rate

News 18  

HDFC Bank has increased the interest rate on specific fixed deposits to less than Rs 2 crore. For the general public, HDFC Bank provides interest rates ranging from 3% to 7.10% and from 3.50% to 7.60%, whereas, for people over 65, the new interest rates for term deposits in HDFC Bank came into effect on February 21, 2023. On the …

PNB Raises Fixed Deposit Rates By Up To 30 Bps. Check Latest FD Rates Here
1 year, 10 months ago

PNB Raises Fixed Deposit Rates By Up To 30 Bps. Check Latest FD Rates Here

ABP News  

After banks raised fixed deposit rates, Punjab National Bank also raised FD rates) on select tenures on Monday. FDs maturing between 667 days and 2 years will get an interest rate of 6.80 per cent. The bank is now offering an interest rate ranging from 3.5 per cent to 7.25 per cent on deposits maturing in 7 days to 10 …

SBI’s home loan interest rates change from today, benchmark lending rates up
1 year, 10 months ago

SBI’s home loan interest rates change from today, benchmark lending rates up

Live Mint  

Home loan interest rates at the State Bank of India have changed from Wednesday onward as the lender hiked lending rates of key benchmarks. Latest SBI home loan rates: Regular Home loan, Flexipay, NRI, Non-Salaried, Privilege, APON Ghar: Under the campaign offer, SBI is giving a concession of 30 bps to 40 bps to borrowers with a credit score from …

SBI Hikes Home Loans Rates. Check Revised Lending Rates For HDFC, PNB, BoB
1 year, 10 months ago

SBI Hikes Home Loans Rates. Check Revised Lending Rates For HDFC, PNB, BoB

ABP News  

India’s top lender State Bank of India has raised the marginal cost of funds-based lending rate by 10 basis points. The hike comes within a week after the Reserve Bank of India raised its repo rate by 25 bps to 6.50 per cent. SBI has raised the overnight MCLR rate by 10 bps to 7.95 per cent from 7.85 per …

SBI hikes lending rates by 10 bps across tenures; loan EMIs set to rise
1 year, 10 months ago

SBI hikes lending rates by 10 bps across tenures; loan EMIs set to rise

Live Mint  

The country's largest lender, State Bank of India has hiked the marginal cost of funds-based lending rate by 10 basis points across tenures, making most consumer loans such as auto or home loans costlier for borrowers. The overnight MCLR rate has been revised upward by 10 bps to 7.95 per cent from 7.85 per cent, while that of one month …

PNB, Bank of Baroda raise lending rates by up to 25 bps after repo rate hike
1 year, 10 months ago

PNB, Bank of Baroda raise lending rates by up to 25 bps after repo rate hike

Live Mint  

Public sector lenders Punjab National Bank and Bank of Baroda have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank of India earlier this week. Punjab National Bank announced that it has effected a 25 basis point increase in the repo linked lending rate from 8.75 per cent to 9 per …

Bank of Baroda hikes MCLR from 12 Feb; loan EMI burden to increase
1 year, 10 months ago

Bank of Baroda hikes MCLR from 12 Feb; loan EMI burden to increase

Live Mint  

Public sector lender Bank of Baroda on Thursday said it has approved the revision in marginal cost of funds-based lending rates by 5 basis points across MCLR tenors. This comes a day after the Reserve Bank of India delivered another rate hike, increasing repo rate by 25 basis points to 6.50 per cent. The overnight MCLR rate has been revised …

Bank FD: ICICI Bank vs PNB vs HDFC Bank; Check Comparison of Latest Interest Rates
1 year, 10 months ago

Bank FD: ICICI Bank vs PNB vs HDFC Bank; Check Comparison of Latest Interest Rates

News 18  

The RBI MPC meeting is going to take place between February 6-8, to decide on the interest rate movement in the country. The central bank in 2022 raised the repo rate five times by 225 basis points in total to 6.25 per cent. Here’s the comparison of the current fixed deposit interest rates offered by three lenders ICICI Bank, PNB …

IDBI Bank Hikes Lending Rates by 20 Basis Points Across Loan Tenures
1 year, 11 months ago

IDBI Bank Hikes Lending Rates by 20 Basis Points Across Loan Tenures

News 18  

Across all loan tenures, IDBI Bank has increased lending rates by 20 basis points. According to the bank, the overnight MCLR rate has been increased to 7.65%, while the rates for loans with terms of one month to six months have both increased by 20 basis points to 7.8% and 8.3%, respectively. Marginal Cost of Fund-based Lending Rate of IDBI …

Bank of Baroda Announces 35 bps Hike In MCLR. Check Revised Rates
1 year, 11 months ago

Bank of Baroda Announces 35 bps Hike In MCLR. Check Revised Rates

News 18  

State-owned Bank of Baroda has announced a 35 basis point hike in the marginal cost of funds-based lending rates across all tenors. According to the bank, the MCLR rate for one month has been increased by 20 basis points to 8.15 per cent and the overnight rate has moved up by 35 basis points to 7.85 per cent. The three-month …

Bank of Baroda to hike MCLR by up to 35 bps, effective 12 Jan
1 year, 11 months ago

Bank of Baroda to hike MCLR by up to 35 bps, effective 12 Jan

Live Mint  

State-owned Bank of Baroda on Tuesday increased the marginal cost of funds-based lending rates by up to 35 basis points across tenors. The overnight MCLR rate has been revised upward by 35 basis points to 7.85 per cent, while that of one month tenure has been hiked by 20 basis points to 8.15 per cent, the bank said. Among others, …

Bank FD: ICICI Bank vs HDFC Bank vs PNB; Check Comparison of Latest Interest Rates
2 years ago

Bank FD: ICICI Bank vs HDFC Bank vs PNB; Check Comparison of Latest Interest Rates

News 18  

Even as the RBI has raised interest rates in the past few months to control inflation, banks are also increasing interest rates on their loan and deposit offerings. Several banks, including HDFC Bank, PNB and ICICI Bank, have also raised their interest rates on fixed deposits. Here’s the comparison of the current fixed deposit interest rates offered by three lenders …

Karur Vysya Bank hikes lending rates, EMIs to go up
2 years ago

Karur Vysya Bank hikes lending rates, EMIs to go up

Live Mint  

Tamil Nadu-backed Karur Vysya Bank has increased the marginal cost of funds-based lending rates by 25 basis points across tenures. With the latest hike in MCLR, EMIs on various term loans at Karur Vysya Bank is likely to go up. As per the regulatory filing, Karur Vysya Bank's 1-year MCLR will be 9.05% from December 7 compared to the current …

Union Bank of India, Bank of Baroda Raise Loan Interest Rates; EMIs To Go Up; Details Here
2 years, 1 month ago

Union Bank of India, Bank of Baroda Raise Loan Interest Rates; EMIs To Go Up; Details Here

News 18  

Union Bank of India and Bank of Baroda raised their marginal costs of funds-based lending rates on loans. According to Bank of Baroda’s website, the lender’s benchmark one-year MCLR has now risen to 8.05 per cent, from 7.95 per cent earlier. The bank’s overnight rate MCLR has now increased to 7.45 per cent from 7.15 per cent. India’s retail inflation …

Indian Bank to hike lending rate by 15-35 bps across tenures
2 years, 1 month ago

Indian Bank to hike lending rate by 15-35 bps across tenures

Live Mint  

The public-sector bank Indian Bank announced the hike of the marginal cost of funds-based lending rate by 15-35 basis points across tenors, the bank said on Tuesday. The benchmark one-year tenor MCLR, which is linked to the majority of consumer loans such as car, auto, and personal, will increase from 7.85 per cent to 8.10 per cent. The overnight MCLR …

PNB, BOI hike lending rates; EMIs to go up
2 years, 1 month ago

PNB, BOI hike lending rates; EMIs to go up

Live Mint  

State-owned Punjab National Bank and Bank of India on Monday announced raised the marginal cost of funds-based lending rates. Punjab National Bank hiked MCLR across tenors by 30 basis points. The MCLR with effect from November 1, 2022 shall be revised with the benchmark one-year tenor rate at 8.05 per cent as against the 7.75 per cent existing rate, PNB …

ICICI Bank Raises Interest Rates On Fixed Deposits; Check Latest Rates
2 years, 1 month ago

ICICI Bank Raises Interest Rates On Fixed Deposits; Check Latest Rates

News 18  

Private sector lender ICICI Bank has again raised its interest rates on fixed deposits. On deposit tenure of 7 days-10 years, the bank is now offering an interest rate ranging from 3 per cent to 6.25 per cent for the general public and 3.50 per cent to 6.95 per cent for senior citizens. Deposits maturing in 3 years 1 day …

HDFC Bank Hikes FD Interest Rates by Up To 50 bps; Second Time Within A Month
2 years, 1 month ago

HDFC Bank Hikes FD Interest Rates by Up To 50 bps; Second Time Within A Month

News 18  

Raising for the second time this month, India’s largest lender HDFC Bank has hiked the interest rates on fixed deposits below Rs 2 crore. On fixed deposits maturing in 61 days to 89 months, the latest interest rate is 4.50 per cent, compared with 4 per cent earlier. On a tenure of 90 days to 6 months, the latest interest …

Axis Bank hikes MCLR rates by 25 bps across tenors
2 years, 2 months ago

Axis Bank hikes MCLR rates by 25 bps across tenors

Live Mint  

Private lender Axis Bank on Tuesday said it has increased the marginal cost of funds based lending rates by 25 basis points across tenors with immediate effect. Axis Bank in a communication on its website stated that the benchmark one-year MCLR is up by 25 basis points to 8.35 per cent with effect from October 18, 2022. The hike in …

BoB hikes lending rates 10-15 bps across tenures, EMIs to go up
2 years, 2 months ago

BoB hikes lending rates 10-15 bps across tenures, EMIs to go up

Live Mint  

State-owned Bank of Baroda on Monday raised the marginal cost of funds-based lending rates by 10-15 basis points across tenures. The overnight to six months tenor MCLRs are raised and are in the range of 7.10 to 7.80 per cent for Bank of Maharashtra. State-owned Bank of Maharashtra on Monday raised the marginal cost of funds-based lending rates by 0.20 …

ICICI Bank hikes fixed deposit interest rates. Check rates of SBI, HDFC Bank
2 years, 2 months ago

ICICI Bank hikes fixed deposit interest rates. Check rates of SBI, HDFC Bank

Hindustan Times  

Private moneylender ICICI Bank has increased its interest rates on the fixed deposits of less than ₹2 crore. The ICICI Bank will continue to offer an interest rate of 2.75 per cent interest rate on fixed deposits maturing in seven days to 29 days. According to the bank's official website, the fixed deposits maturing in seven days to 45 days …

SBI raises benchmark lending rate by 0.7%
2 years, 3 months ago

SBI raises benchmark lending rate by 0.7%

The Hindu  

The country's largest lender, State Bank of India, raised the Benchmark Prime Lending Rate by 70 basis points to 13.45% on Wednesday. "Benchmark Prime Lending Rate revised as 13.45% per annum with effect from September 15, 2022," the SBI posted on its website. Now most of the banks provide loans on the External Benchmark Based Lending Rate or the Repo-Linked …

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