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LENDING RATES
Bank deposits hit decade-high growth as NRI dollar inflows cross $37 billionBank deposits saw their fastest growth in nearly ten years by July. Overseas Indians deposited about $37 billion in foreign currency accoun...
RBI proposes new interest rate rules for regulated entities, seeks public commentsThe Reserve Bank of India is harmonizing interest rate determination methods for regulated entities. New guidelines will define internal be...
Canara Bank, Bank of Baroda increase lending rates: Why loan EMIs for these borrowers may rise after hikesBank of Baroda and Canara Bank have raised their lending rates. These banks increased their Marginal Cost of Funds Based Lending Rates by u...
Woman took a home loan at 12% interest, but Citi Bank charged up to 16.5% and recovered Rs 12.9 lakh extra; consumer commission orders refund and Rs 1 lakh compensationCiti Bank has been ordered to refund Rs 12,91,248 to a home loan borrower after the Delhi State Consumer Disputes Redressal Commission foun...
HDFC Bank cuts MCLR by 5 bps, Bank of Baroda raises 3-month rate by 10 bpsHDFC Bank reduced its lending rates by five basis points across maturities. Bank of Baroda will increase its three-month lending rate by te...
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of upto 30%Around three months back, there was a trade which was taking place on the street, “sell-software-services-stocks”. Today there are signs th...
PFC shares tumble 5% to 4-month low after weak Q1 earnings. Why Motilal Oswal still recommends BuyPFC shares fell over 5% after the company reported a 2% YoY rise in Q1 FY27 consolidated net profit to Rs 7,012 crore. Motilal Oswal retain...
Banks or NBFCs? DSP's Preethi R S explains where she sees the best opportunitiesDSP Mutual Fund’s Preethi R S remains constructive on India’s financial sector, favouring lenders with strong deposit franchises, disciplin...
Good news for HDFC Bank borrowers: Lending rates reduced across multiple tenures; check latest listIn a strategic move, HDFC Bank has reduced its MCLR rates across various tenures by as much as five basis points, effective from August 7, ...
Global Market: Singapore's OCBC, UOB Q2 profits rise as wealth business cushions impact of lower interest ratesSingapore's OCBC and UOB banks have exceeded expectations with their second-quarter earnings, showcasing resilience amid lending income cha...
Banks welcome RBI's steady rates, see boost to credit growthThe Reserve Bank of India kept its benchmark repo rate steady at 5.25 percent. It also raised its economic growth forecast and lowered infl...
Billionaire Anil Agarwal’s Vedanta unit seeks mega $1.4 billion loan after business splitVedanta Aluminium Metal Ltd. is raising 135 billion rupees from three major banks. Axis Bank, HDFC Bank, and ICICI Bank are providing the s...
New framework to standardise interest rate rules on the anvil, says RBIThe Reserve Bank of India plans to standardize interest rate rules for all regulated entities. This new principle-based framework aims to i...
RBI proposes new rules to standardise how lenders set interest ratesIn a significant move, the Reserve Bank of India plans to establish uniform interest rate guidelines for all regulated entities. This initi...
RBI's status quo on rates to support housing demand, keep real estate sentiment intact: IndustryThe RBI's decision to keep the repo rate unchanged at 5.25% for the fourth straight review has received a positive response from the real e...
RBI to resume urban cooperative banks' licensing after 22-year pause, review rural bank rulesThe Reserve Bank of India will resume urban cooperative bank licensing after a 22-year pause. A comprehensive review of credit monitoring f...
Changes in EBLR & MCLR framework, interest rate charging mechanism and how reset dates are decided- RBI proposalRBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated entities. This initiative aims to ha...