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MCLR HIKES
HDFC Bank raises MCLR by up to 10 bps across select tenorsFollowing the revision, the bank's MCLR, which is the lender's internal benchmark for pricing loans, stands in the range of 8.05% to 8.65%,...- RBI holds repo rate, but for how long will relief for home loan borrowers continue?The RBI’s decision to keep the repo rate unchanged at 5.25% has provided relief to home loan borrowers, but rising inflation could trigger ...
- As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEOIndian Bank's chief Binod Kumar expects interest rates to rise and net interest margins to fall as India develops. He plans to raise capita...
- SBI hikes benchmark MCLR rateSBI, India's largest lender, has raised the MCLR by 5-10 basis points for tenures from one month to three years, effective July 15. Updated...
- Bank of Baroda increases interest rates on these loans by by 5 bps; loan EMIs to increaseBank of Baroda loan interest rates: The loan interest rate hike announcement of Bank of Baroda comes a day after the Reserve Bank of India ...
- Bank of Baroda hikes MCLR rate by 5 basis points for these tenuresBank of Baroda has announced a hike in MCLR rate by 5 basis points for these tenures. This is the second public sector bank that has hiked ...
- Canara Bank hikes MCLR by 5 bps on these tenures, EMIs set to go upThe public sector bank, Canara Bank, has hiked the marginal cost of funds based lending rate (MCLR) after the Reserve Bank of India (RBI) k...
- SBI increases home loan, other loan interest rates by 10 bps w.e.f Jan 15The new MCLR rates come into effect on January 15, 2023, as per the bank's website. Due to this latest MCLR hike, borrowers’ EMI outgo will...
- Bank of Baroda hikes interest rates on home loans, other loansAccording to a BSE filing by the bank, it has hiked MCLR by up to 35 basis points across all tenures. The latest loan interest rates come i...
- NBFCs to face higher fund costs as banks look to pass on MCLR hikesLiquidity has generally been trending down with the central bank seeking to reduce excess liquidity from the system to manage inflation. Th...
- SBI hikes home loan, other loan interest rates; EMIs to rise furtherDue to this latest MCLR hike, borrowers’ EMI outgo will increase further. The new interest rates are effective from December 15, 2022.
- Bank of Baroda hikes MCLR by up to 30 bps; home loan, other loan EMIs to go upBank of Baroda has hiked its marginal cost of funds-based lending rate (MCLR) by 25 to 30 basis points. The latest loan interest rates come...
- Banks hike loan interest rates: ICICI Bank, PNB, Bank of India increase MCLR on loansThe lending rate based on the marginal cost of funds has increased at large banks like ICICI Bank, Punjab National Bank (PNB), and Bank of ...
- ICICI Bank, PNB, Bank of India hike MCLR home loan interest rate by this muchKeeping up with the trend of hiking interest rates, three banks (one private sector and two public sector banks) namely- ICICI Bank, Punjab...
- Axis Bank hikes loan interest rates by 25 bps; EMIs to increaseAxis Bank has increased its marginal cost of funds-based lending rate (MCLR) across tenors by 25 basis points (bps).
- SBI hikes MCLR by 25 bps; loan EMI burden to increaseSBI's new MCLR rates come into effect on October 15, 2022, as per the bank's website. Any revision in MCLR will directly impact the cost of...
- Latest HDFC Bank loan interest ratesHDFC Bank, a private sector lender, has revised its marginal cost of funds-based lending rate (MCLR). The new loan interest rates go into e...
- HDFC Bank increases loan interest rates by 10 bpsPrivate sector lender HDFC Bank has increased its MCLR (marginal cost of funds-based lending rate) on loans of all maturities by up to 10 b...
- ICICI Bank hikes lending rates across tenuresRates updated on its website showed that overnight and one month MCLR has been hiked to 7.30% effective June 1 2022.
- EMI burden likely to increase as SBI hikes MCLR rate by 10 basis pointsIt is important to note that the hike in MCLR has come just after SBI announced the hike in fixed deposit rates for select tenures.
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