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Higher loan EMIs for these HDFC Bank borrowers: Bank increases lending rates by up to 15 bps; check new interest rates hereHDFC Bank has announced a rise in its Marginal Cost of Funds-based Lending Rates, set to take effect on November 7, 2026. This increase imp...- Home loan EMI for these borrowers will go up as RBI increases repo rate by 25 bps: Know the impact on Rs 25 lakh-Rs 2 cr home loansRBI repo rate: Borrowers with home loans linked to External Benchmark Linked Rates will see an increase in their EMIs. The Reserve Bank of ...
- Homebuyer to get Rs 7.1 lakh interest for delayed possession of flat as MahaRERA rejects builder’s PMRDA-PMC jurisdiction excuse for delayMahaRERA took a firm stance in a case concerning a builder's late delivery of a homebuyer’s flat. The builder tried to deflect blame to the...
- 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...
- ET EXPLAINER: What are MCLR Rates?MCLR is the minimum interest rate, or the floor rate, that banks can charge on loans. MCLR rates are not linked to external benchmarks like...
- What is the difference between MCLR and EBLR rates? Aparna Ramachandra explainsMost of the loans today are linked to MCLR. Even when the customer asks for a fixed rate of interest, most of the banks today do not give t...
- System flush with funds, Food Corporation of India borrows at under 4.6%The lowest bid has come from HDFC Bank, which will provide around Rs 7,500 crore loans, followed by 4.75% from PNB, which is ready to relea...
- PSU bank mergers: Customers of which banks are likely to be impacted and howRetail customers including account holders of amalgamating banks are likely to get affected.
- The events that led to external benchmarking of loans and what borrowers should do nowThe year 2019 saw the shift in the way interest rates loans to be charged. The Reserve Bank of India announced that with effect from Octobe...
- There should be a pause in rate cutting in Aug: Prashant Kumar, SBIWe are quite comfortable on the liquidity side as a bank and also as an industry.
- Impact of RBI rate cuts to remain mutedRBI has reduced the repo rate by a total of 50 bps in 2019 to push economic growth.
- RBI may soon do away with MCLRBankers say a review is immiment as MCLR system has not reflected changes in rates.
- How to decide which bank is giving the best home loan deal? Consider these 3 factorsFestive season is coming. For borrowers, there could be good deals available at a bargain. But always keep these key things in mind before ...
- Savings rate cut to boost SBI's NIM by 14 bps, says reportMorgan Stanley, however, said it will revisit its earning estimates after the June quarter results are reported.
- There is more room for lending rate cuts: HDFC Bank CEO Aditya Puri"This is because our banking system only borrows 3 per cent from the market, while 97 per cent of their funds come from deposits," Puri sai...
- United Bank of India slashes lending rate by up to 0.90 per centFollowing demonetisation, banks are flooded with deposits that have brought down their cost of funds, which explains the latest bout of low...
- Should borrowers switch to the new MCLR regime for loans?As the repo rate cut by the Reserve Bank of India (RBI) and shift to a new interest regime coincide, it’s decision-making season for home l...
- Government to lean on public sector banks for rate cutAfter RBI lowered the policy rate by 25 basis points, the government feels banks have little excuse not to pass on benefits to consumers.
- Loans begin to get cheaper with new interest rate formulaNew rules announced by the RBI in December 2015 take away from banks the freedom to decide when to revise rates.
- Icra doubts speedier monetary transmission under new RBI normRating agency Icra has raised doubts on whether the Reserve Bank's objective of quicker monetary policy transmission will be achieved by it...
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