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

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 …

One of the leading public sector lenders, Bank of Baroda has hiked its benchmark lending rates by 5 basis points on various tenures. With effect from April 12, the bank will raise the Marginal Cost of Funds Based Lending Rate by 5 bps on overnight tenure to 7.95%. As per the regulatory filing, in Q4FY23, the bank's total deposits stood …

Axis Bank Raises FD Interest Rates By Up To 40 bps On Select Tenures; Check Latest Rates

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 …

PNB hikes fixed deposit rates: Punjab National Bank has hiked interest rates on fixed deposits on select tenures. For deposits maturing between 271 days and less than 1 year, the bank has hiked the interest rate by 30 bps to 5.80%. After the latest hike, PNB will offer an interest rate ranging from 3.5% to 7.25% on deposits maturing in …

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

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 …

Even as the interest rates in India is on the higher side and still rising, banks are also passing on the high interest rate regime effect to people. After the latest revision, Kotak Mahindra Bank is now offering an interest rate of 7 per cent per annum on recurring deposits on tenures between 15 months and 21 months. Kotak Mahindra …

State-owned Punjab National Bank has revised upwards its interest rate offering on select tenures, with effect from Monday, December 19. The lender will now offer 7.25 per cent on deposits for 666 days to general public, compared with 6.30 per cent earlier. It added that super senior citizens of age above 80 years shall get an additional rate of interest …

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

NEW DELHI: Shriram City Union Finance Ltd. on Thursday announced a hike in its fixed deposit rates by 5 to 25 basis points across different tenures. Tenures of 12 month and 24 months have seen the highest hike of 25 bps with the revised rates at 7% and 7.5%, respectively. Rates on longer tenures of 36 months, 48 months and …

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

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 …

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 …

Bank Fixed Deposit Interest Rate Hike: Lenders across the private and public sectors have been quick to hike their interest rates across loan tenures, savings accounts, fixed deposits. DBS Bank FD interest rates have been hiked by 50 basis points to 5 per cent from the earlier 4.50 per cent for tenures of seven days applicable to general public. From …