SBI gives home loan borrowers option of moving to new rate regime
4 years, 3 months ago

SBI gives home loan borrowers option of moving to new rate regime

Live Mint  

State Bank of India has given an option to its existing home loan borrowers to switch over to the current interest rate linked to repo rate. Current SBI home loan interest rates are in the range of 7% to 7.35% based on external benchmark rate, which is linked to Reserve Bank of India's repo rate. Interest rates on home loans have dropped drastically after the RBI slashed repo rate to 4% since the coronavirus outbreak. RBI had asked all scheduled commercial banks, local area banks and small finance banks to link interest rates on retail and MSME loans to an external benchmark rate.

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History of this topic

SBI loan disbursements in Telangana race past ₹10,000 cr. in current fiscal
1 week, 1 day ago

SBI loan disbursements in Telangana race past ₹10,000 cr. in current fiscal

The Hindu  

State Bank of India home and home-related loan disbursements this fiscal in Telangana raced past the ₹10,000 crore mark in the eight months ended November, SBI Hyderabad Circle said on Monday. Besides home loan, SBI has a wide range of related products such as personal loan against property ; home loan top-up; Maxgain -Hybrid; and NRI home loan which are …

Home loans may become more affordable and boost the real estate sector, experts say
2 weeks, 4 days ago

Home loans may become more affordable and boost the real estate sector, experts say

Hindustan Times  

The Reserve Bank of India's December 2024 monetary policy decision will make home loans cheaper and benefit India's real estate sector, according to several industry experts. The central bank's monetary policy committee decided to keep the repo rate unchanged at 6.5% for the 11th consecutive time, but slashed the cash reserve ratio by 50 basis points, bringing it down to …

Changes to India’s repo rate since June 2000
2 weeks, 5 days ago

Changes to India’s repo rate since June 2000

Live Mint  

MUMBAI - The Reserve Bank of India kept its key interest rate unchanged, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy. The monetary policy committee kept the key lending rate, or repo rate, unchanged at 6.50%, but cut the cash reserve ratio that banks …

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%
Trending News
2 weeks, 5 days ago

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%

New Indian Express  

MUMBAI: The Reserve Bank of India on Friday kept the benchmark interest rate unchanged at 6.5%, marking the 11th consecutive time the lending rate has remained steady. The RBI's Monetary Policy Committee opted against any knee-jerk reaction to the growth slowdown in the second quarter with a repo rate cut, emphasising the need to be prudent and measured in its …

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 …

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 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 …

Home Loan Interest Rates Comparison: SBI, PNB, ICICI Bank & HDFC Bank, Check Details Here
4 months, 1 week ago

Home Loan Interest Rates Comparison: SBI, PNB, ICICI Bank & HDFC Bank, Check Details Here

News 18  

Home Loan Interest Rate Comparison 2024: Navigating the home loan market can be challenging, especially with interest rates that can fluctuate and significantly affect your long-term financial plans. Home Loan Interest Rate Comparison Below is the list of floating interest rates of various banks; SBI Home Loan Interest Rates The State Bank of India offers multiple options for home loans. …

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs
4 months, 2 weeks ago

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs

Hindustan Times  

The Reserve Bank of India kept repo rate steady at 6.5 percent for the ninth time in a row in its Monetary Policy Committee review. This year, HDFC Bank increased home loan rates for new borrowers by 40 basis points despite repo rates being steady. For HDFC Bank, the lowest interest rate on a ₹50-lakh home loan was 8.35 per …

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 …

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 …

RBI Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales
8 months, 2 weeks ago

RBI Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales

Hindustan Times  

As expected, the Reserve Bank of India on April 5 once again kept the repo rate unchanged at 6.5 per cent. RBI MPC: Reserve Bank of India's decision to keep repo rates unchanged offers a sense of continuity and predictability to the real estate sector. It is also expected to significantly boost overall market sentiment, pushing residential sales in the …

RBI repo rate decision: What will be impact on home loan EMIs
8 months, 2 weeks ago

RBI repo rate decision: What will be impact on home loan EMIs

Hindustan Times  

The Reserve Bank of India kept the repo rate steady at 6.5 percent for the seventh time in a row. This means that your home loan interest burden and equated monthly installments will remain unchanged for now. RBI repo rate decision: This means that your home loan interest burden and equated monthly installments will remain unchanged for now. Looking ahead, …

Bank of India Slashes Home Loan Rates By 15 Bps To 8.3% Until March 31
9 months ago

Bank of India Slashes Home Loan Rates By 15 Bps To 8.3% Until March 31

ABP News  

The Bank of India, a public sector lender, announced on Tuesday a notable adjustment in its new home loan interest rates, reducing them from 8.45 per cent to 8.3 per cent. Bank of India proudly asserted that at the reduced rate of 8.3 per cent, it stands as the institution offering the lowest rate among its counterparts in the industry. …

SBI fixed deposit interest rates hiked. Check latest here
11 months, 3 weeks ago

SBI fixed deposit interest rates hiked. Check latest here

Hindustan Times  

Recently, the State Bank of India raised interest rates on fixed deposits of less than ₹2 crore. Representational Image Also, this rate hike by SBI, the country's largest bank and a private sector lender, is applicable on all but three FD tenures: one year to less than two years, two years to less than three years, and five years to …

How RBI policy outcome will impact home loan borrowers explained
1 year, 4 months ago

How RBI policy outcome will impact home loan borrowers explained

Live Mint  

The Reserve Bank of India has released a key proposal with the goal of improving both the flexibility and transparency of rates of interest on variable-rate loans. The framework will require Regulated Entities to clearly communicate with borrowers for resetting the tenor and/or EMI; provide options for switching to fixed-rate loans or foreclosure of loans; disclose various charges incidental to …

Bank Of Baroda Revises FD Interest Rates; How It Compares To SBI, HDFC Bank, ICIC Bank
1 year, 7 months ago

Bank Of Baroda Revises FD Interest Rates; How It Compares To SBI, HDFC Bank, ICIC Bank

News 18  

Bank of Baroda has revised its interest rates on fixed deposits. Bank of Baroda has hiked rates by 30 basis points on select tenors and customers can now enjoy up to 7.25 percent interest on term deposits below Rs 2 crore. Bank of Baroda’s revised interest rates: The lender is offering 3 percent interest on tenors of 7 to 45 …

How RBI repo rate hikes impact your home loan EMIs? Here’s all you need to know
1 year, 8 months ago

How RBI repo rate hikes impact your home loan EMIs? Here’s all you need to know

Live Mint  

Recently, there has been a massive impact in the home loan Easy Monthly Instalments due to interest rate changes in India. Proportion of interest servicing and principal repayment depends on various factors such as tenure of loan, rate of interest, part payments and number of EMI’s already paid. What it means is that the initially planned EMI of ₹ 62,551 …

Which bank provides the most affordable home loans? Check out rates from SBI, HDFC, PNB, BoB
1 year, 10 months ago

Which bank provides the most affordable home loans? Check out rates from SBI, HDFC, PNB, BoB

India TV News  

Home Loan Rates: The Reserve Bank of India decided to raise the Repo Rate by 25 basis points on February 8, prompting many banks to raise interest rates on personal, car, and home loans. If you intend to take out a home loan during this time, you must be fully aware of the interest rates and processing fees charged by …

SBI hikes recurring deposit rates. Check latest RD rates here
1 year, 10 months ago

SBI hikes recurring deposit rates. Check latest RD rates here

Live Mint  

The country's largest lender State Bank of India has increased interest rates on recurring deposits. SBI Recurring Deposit SBI RD interest rates vary between 6.5%-7% for the general public and an additional interest rate hike of 50 basis points for senior citizens. SBI RD rates effective 15 February 2023 1 year to less than 2 years - 6.80% 2 years …

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 rates by up to 25 bps on FDs below ₹2 cr; introduces 400 days tenure
1 year, 10 months ago

SBI hikes rates by up to 25 bps on FDs below ₹2 cr; introduces 400 days tenure

Live Mint  

India's largest public sector lender, State Bank of India has hiked interest rates by 5 bps to 25 bps on fixed deposits below ₹2 crore with effect from February 15. General FD rates: SBI has hiked FD rates by 25 bps on 2 years to less than 3 years tenure to 7% from the previous 6.75%. SBI raised FD rates …

RBI MPC: Home Loan EMIs Set To Increase By 2-4% Post RBI Rate Hike, Say Experts
1 year, 10 months ago

RBI MPC: Home Loan EMIs Set To Increase By 2-4% Post RBI Rate Hike, Say Experts

News 18  

The interest rate on home loans is expected to increase as the Reserve Bank of India on Wednesday announced an increase of repo rate by 25 basis points to 6.5 %. Ratan Chaudhary, Head, Home Loans, Paisabazaar, said, “Existing home loan borrowers can either opt for the EMI increase or tenure increase option, with the consent of the lender, as …

How RBI’s 25 bps repo rate hike could impact your loan EMIs
1 year, 10 months ago

How RBI’s 25 bps repo rate hike could impact your loan EMIs

Live Mint  

As widely speculated, the Reserve Bank of India has hiked the repo rate for the sixth time in a row, by 25 bps to 6.50% with immediate effect. After the RBI's latest repo rate hike on February 8, banks are expected to raise interest rate in retail loans. So, it's of utmost importance for a common man to know how …

SBI hikes interest rates for fixed deposits less than ₹2 crore
2 years ago

SBI hikes interest rates for fixed deposits less than ₹2 crore

Hindustan Times  

The State Bank of India, one of the country's biggest lenders, has hiked its fixed deposit rates for some maturity periods on deposits less than ₹2 crore from today. With this, the fixed deposits maturing between seven days to 45 days are offering interest rates of three per cent, while the ones having maturity period between 46 days and 179 …

RBI repo rate hike: Tips for home loan borrowers to deal with higher EMIs
2 years ago

RBI repo rate hike: Tips for home loan borrowers to deal with higher EMIs

Firstpost  

If you took a home loan at 6.75 per cent interest a few months ago, then the same loan will be available at an interest rate of 9 per cent In order to contain inflation, the Reserve Bank of India has been hiking the repo rate since May. The latest rise in repo rate will cause higher Equated Monthly Installments …

RBI raises repo rate by 35bps to 6.25%, highest since March 2019
2 years ago

RBI raises repo rate by 35bps to 6.25%, highest since March 2019

Hindustan Times  

Loans and mortgages will get more expensive with the Reserve Bank of India’s Monetary Policy Committee announcing a fifth consecutive interest rate hike on Wednesday, of 0.35 percentage points, taking the policy rate to 6.25%, the highest since March 2019. RBI has taken up the policy rate by 2.25 percentage points since May, and the tone and tenor of its …

Home Loan, Car Loan EMIs to Increase as RBI Hikes Repo Rate by 35 bps; What Should Borrowers Do
2 years ago

Home Loan, Car Loan EMIs to Increase as RBI Hikes Repo Rate by 35 bps; What Should Borrowers Do

News 18  

RBI MPC Meeting December 2022: The Reserve Bank of India has increased the repo rate by 35 basis points to 6.25 per cent in its December Monetary Policy Committee meeting. Atul Monga, CEO and co-founder of BASIC Home Loan, said: “An increase in interest rates will be felt especially by the new borrowers, existing borrowers will not usually be affected …

BoB cuts home loan interest rates by 25 bps to 8.25% for a limited period
2 years, 1 month ago

BoB cuts home loan interest rates by 25 bps to 8.25% for a limited period

Live Mint  

One of the leading public sector lenders Bank of Baroda has announced today an interest rate reduction on home loans by 25 bps for a limited time period. The home loan interest rates offered by the bank now start from 8.25% p.a. with effect from November 14, 2022 for a limited period, making it one of the lowest home loan …

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 …

Home Loan EMIs to Increase as RBI Hikes Repo Rate; Know How Much you Have to Shell Out
2 years, 4 months ago

Home Loan EMIs to Increase as RBI Hikes Repo Rate; Know How Much you Have to Shell Out

News 18  

The Reserve Bank of India has increased the repo rate by 50 basis points to 5.4 per cent on August 5. India’s central bank has also remained focused on withdrawal of accommodative stance to maintain inflation within the target while supporting growth.”RBI’s decision to raise the repo rate is in response to the headwinds being faced by Indian economy including …

SBI Hikes Fixed Deposit Interest Rates for These Tenors: Check Latest SBI FD Rates Here
2 years, 5 months ago

SBI Hikes Fixed Deposit Interest Rates for These Tenors: Check Latest SBI FD Rates Here

News 18  

SBI Fixed Deposit Interest Rates Hiked: The country’s largest public sector bank, State Bank of India or SBI has hiked its fixed deposit interest rates for certain tenors. The SBI fixed deposit interest rates are applicable on domestic term deposits of Rs 2 crore and above. The bank has hiked its FD rates by 50 basis points on deposits maturing …

SBI Hikes MCLR Rates By 10 Basis Points; Loans, EMIs To Get Costlier
2 years, 5 months ago

SBI Hikes MCLR Rates By 10 Basis Points; Loans, EMIs To Get Costlier

News 18  

India’s largest lender State Bank of India has raised its marginal cost of lending rate on loans by 10 basis points, effective Friday. SBI’s one-year benchmark marginal cost of lending rate has increased from 7.40 per cent to 7.50 per cent, while its rates for overnight, one month and three months have been increased from 7.05 per cent to 7.15 …

SBI Raises Minimum Home Loan Rate To 7.55%; Know Latest Lending, Deposit Rates
2 years, 6 months ago

SBI Raises Minimum Home Loan Rate To 7.55%; Know Latest Lending, Deposit Rates

News 18  

With India’s largest lender State Bank of India hiking its marginal cost of funds-based lending rate effective June 15, the minimum home loan interest rate has also been revised upwards. Here’s the latest home loan rates of SBI: The lowest interest rate on home loans that SBI is now offering to borrowers is 7.55 per cent per annum. SBI has …

SBI hikes home loan interest rate; EMIs set to go up
2 years, 6 months ago

SBI hikes home loan interest rate; EMIs set to go up

India TV News  

SBI Home Loan Interest Rate: State Bank of India, the country's largest lender, has hiked the lending rates following the Reserve Bank of India's repo rate hike last week. The central bank had hiked the repo rate by 0.50 per cent to 4.90 per cent. The public sector bank has revised by up to 0.20 per cent the marginal cost …

SBI hikes lending rates by 20 bps from 15 June, EMIs to go up
2 years, 6 months ago

SBI hikes lending rates by 20 bps from 15 June, EMIs to go up

Live Mint  

Joining the bandwagon of the Marginal Cost Of Funds Based Lending Rate rate hike, the State Bank of India raised the lending rates by 20 basis points on various tenures. Currently, on a CIBIL score greater than or equal to 800, SBI offers a 7.05% rate on regular home loans, the rate is 7.15% on credit scores from 750-799. Auto …

SBI Fixed Deposit Interest Rates Hiked for These Tenors; Check New FD Rates Here
2 years, 6 months ago

SBI Fixed Deposit Interest Rates Hiked for These Tenors; Check New FD Rates Here

News 18  

SBI Fixed Deposit Interest Rates: A week after the Reserve Bank of India increased its repo rates for the second straight time in a row, India’s largest pubic sector lender State Bank of India hiked its interest rates on fixed deposits by up to 20 basis points. For tenures of one year to less than two years, the rates have …

SBI hikes interest rates on fixed deposits: Check new rates here
2 years, 6 months ago

SBI hikes interest rates on fixed deposits: Check new rates here

Live Mint  

The interest rate on fixed deposits has been raised by the country's largest lender, State Bank of India. The new interest rates go into effect today, June 14, 2022, and as a result of the modification, the bank has raised interest rates on deposits of less than ₹2 Cr maturing in 211 days to less than 3 years. SBI will …

Home Loan EMIs Going Up: These Banks Have Raised Lending Interest Rates; Check Details
2 years, 6 months ago

Home Loan EMIs Going Up: These Banks Have Raised Lending Interest Rates; Check Details

News 18  

As the RBI’s Monetary Policy Committee last week raised key repo rates, banks have started raising their interest rate offerings for loans and deposits. ICICI Bank last week also increased its external benchmark lending rate by 50 bps to 8.60 per cent. Punjab National Bank’s repo-linked lending rate has also been hiked and will now be 7.40 per cent, effective …

Home Loan: HDFC, SBI, Kotak, Union Bank; Know Who Offers Cheapest Interest Rate
2 years, 6 months ago

Home Loan: HDFC, SBI, Kotak, Union Bank; Know Who Offers Cheapest Interest Rate

News 18  

As the real estate market in India is witnessing an uptick in the activity which is being reflected in the housing sales and registration of properties, home loans are what homebuyers look at for finances while buying a new residential unit. Here’re the interest rates offered by various lenders, including HDFC, State Bank of India, Union Bank of India and …

SBI Home Loan, Axis Bank Charges, Car, Bike Insurance: Key Rules That Change From Today
2 years, 6 months ago

SBI Home Loan, Axis Bank Charges, Car, Bike Insurance: Key Rules That Change From Today

News 18  

Money Matters to Change from June: June marks the beginning of the second half of the year, and this calls for a host of new changes for the people in India. The financial changes in June include SBI home loan EMI rate hike, Axis Bank service charge hike, gold hallmark rule amendments and LPG price revisions among others. Here are …

SBI Home Loan Interest Rates to Increase from June: New Home Loan Rates Explained Here
2 years, 6 months ago

SBI Home Loan Interest Rates to Increase from June: New Home Loan Rates Explained Here

News 18  

SBI Home Loan EMIs to Increase: Home loan borrowers of India’s largest public sector bank State Bank of India, or SBI, are set to feel a pinch in their pockets as the lender has announced new rates under which their home loan EMIs will be hiked from tomorrow. This is because the SBI has increased its external benchmark lending rate …

SBI Home Loan EMIs to Increase from Next Month as Bank Hikes Interest Rates. Know Details
2 years, 7 months ago

SBI Home Loan EMIs to Increase from Next Month as Bank Hikes Interest Rates. Know Details

News 18  

SBI EBLR Hike: India’s largest public sector bank State Bank of India, or SBI, has announced that it has increased its external benchmark lending rate on home loans by 40 basis points to 7.05 per cent and the Repo-Linked Lending Rate would in turn be revised to 6.65 per cent plus CRP. New SBI Rate Hikes, According to the Lender’s …

SBI increases MCLR | How hiking this lending rate impacts your home, auto loan EMIs
2 years, 7 months ago

SBI increases MCLR | How hiking this lending rate impacts your home, auto loan EMIs

India Today  

The State Bank of India has hiked the marginal cost of lending rate by 10 basis points. SBI HOME LOAN, AUTO LOANS MCLR, which was introduced by the Reserve Bank of India in 2016, is the minimum rate of interest at which a bank can lend loans to its customers. The increase in repo rate - the rate at which …

SBI hikes lending rate by 0.1%, EMIs to go up
2 years, 7 months ago

SBI hikes lending rate by 0.1%, EMIs to go up

The Hindu  

The country's largest lender State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1% across all tenures, a move that will lead to an increase in EMIs for borrowers. The lending rate revision by SBI is likely to be followed by other banks in the days to come. SBI's External …

Aam Aadmi's woes to persist: Inflation to stay around 7%, interest rate, EMIs likely to rise
2 years, 7 months ago

Aam Aadmi's woes to persist: Inflation to stay around 7%, interest rate, EMIs likely to rise

India Today  

Experts are predicting tough times ahead for Aam Aadmi on the inflation and EMI fronts. The latest ECOWRAP by the economic research arm of State Bank of India says that with inflation likely to persist at the 6 per cent mark, the RBI is likely to take a "sledgehammer approach and increase the repo rate aggressively and front-load it." According …

SBI FD Interest Rates Hiked for These Deposits; Check Latest SBI Fixed Deposit Rates
2 years, 7 months ago

SBI FD Interest Rates Hiked for These Deposits; Check Latest SBI Fixed Deposit Rates

News 18  

SBI FD Rates Increased: Jumping into the bandwagon, India’s largest public sector lender State Bank of India, has hiked its fixed deposit interest rates. There is an increase of 90 bps on these tenures, which has consequently made the interest rates on these deposits 4.50 per cent as against the rate of 3.60 per cent earlier, as per the bank’s …

RBI repo rate hike effect: These banks raised rates on lending, deposits
2 years, 7 months ago

RBI repo rate hike effect: These banks raised rates on lending, deposits

Live Mint  

Right after the Reserve Bank of India raised India's repo rate by 40 basis points, the banking sector mimicked the same by increasing interest rates in lending and deposit schemes. Here's a list of banks that have raised their interest rates on either lending benchmarks or fixed deposits or savings after RBI's repo rate hike. It said on its website, …

ICICI, Bank of Baroda, Bank of India hike interest rates on all types of loans
2 years, 7 months ago

ICICI, Bank of Baroda, Bank of India hike interest rates on all types of loans

India TV News  

Highlights RBI on Wednesday in a surprise move hiked the benchmark lending rate to 4.40% to contain inflation It marks the start of an upward cycle in borrowing costs in the last three years Commercial banks have already started increasing interest rate on all types of loans soon Private sector lender ICICI Bank has revised its external benchmark lending rate …

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