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Articles for Bps, search results for credit

Mint Primer: Why are banks issuing fewer credit cards?
3 weeks, 6 days ago

Mint Primer: Why are banks issuing fewer credit cards?

Live Mint  

In October, banks added 0.79 million credit cards, compared with 1.69 million last October. HDFC Bank added the most, followed by State Bank of India, which issues credit cards through subsidiary SBI Card, and ICICI Bank. A banker in charge of credit cards said lenders have decided to go slow on credit card issuances as they look to enhance entry …

Bank Credit Card Credit Cards Cards Banks Sbi Kotak Mahindra Bank
SBI net profit zooms 28% on better asset quality, credit growth
1 month, 2 weeks ago

SBI net profit zooms 28% on better asset quality, credit growth

New Indian Express  

MUMBAI: The State Bank of India has reported a 28 percent on-year growth in net profit at Rs 18,331 crore for the quarter to September driven by improved asset quality and higher credit sales. The new chairman CS Setty, who assumed office only last month, said that in the reporting quarter, the bank earned an interest income of Rs 1.14 …

Period Crore Quarter Net Net Profit Npas Nim
Banks’ margin party is drawing to a close
1 year, 5 months ago

Banks’ margin party is drawing to a close

Live Mint  

The stellar rebound in India’s banking sector performance has been in focus in the recent quarters. Much of this is owing to the robust systemic bank credit growth and the sharp rise in lending rates, resulting in a significant improvement in the net interest margins of banks in the backdrop of RBI’s monetary tightening. As per RBI data, SCBs’ weighted …

Banking Rbi Rates Banks Deposit Deposit Rates Nim
SBI gives 30-55 bps concession on home loan rates, first disbursement by 31 Mar
1 year, 8 months ago

SBI gives 30-55 bps concession on home loan rates, first disbursement by 31 Mar

Live Mint  

The fiscal year FY23 is coming to an end, and the largest lender State Bank of India is offering a host of concessions in various home loan interest rates whose first disbursement in the loan account is to be done by March 31st. Latest SBI home loan rates: Regular Home loan, Flexipay, NRI, Non-Salaried, Privilege, APON Ghar: Under the campaign …

Credit Normal Loan Home Loans Score Rate Rates
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 …

Credit Normal Loan Home Loans Score Rate Rates
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 Cent Rbi Rates Deposit Bob Mclr
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 …

Credit Personal Loans Home Loans Interest Score Tenure 5 Years
RBI MPC: Repo Raised by 50 bps; FY23 Inflation Revised Up; GDP Outlook Retained; Key Decisions Today
2 years, 6 months ago

RBI MPC: Repo Raised by 50 bps; FY23 Inflation Revised Up; GDP Outlook Retained; Key Decisions Today

News 18  

The RBI’s Monetary Policy Committee on Wednesday unanimously decided to raise the repo rate by 50 basis points to 4.90 per cent with the focus on withdrawal of accommodation, raised its retail inflation forecast for FY23 to 6.7 per cent from 5.7 per cent earlier, retained FY23 GDP growth projection at 7.2 per cent, and proposed to link credit cards …

Policy Inflation Credit Cards Cent Rate Rbi Banks
After RBI Slashing Key Interest Rates, Real Lending Rates Have Gone Up by 44 Basis Points: Report
4 years, 4 months ago

After RBI Slashing Key Interest Rates, Real Lending Rates Have Gone Up by 44 Basis Points: Report

News 18  

Even after the Reserve Bank has slashed the key interest rates by 135 basis points since February this year, the real lending rates have only gone up by 44 bps in spite of nominal lending rates falling by 105 bps during the same period, says a report. According to them, "loan flow is a whopping 106 per cent lower than …

Growth Credit Interest Rates Real Cent Rbi Last Year