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MCLR REDUCTION
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 ...
HDFC Bank reduces lending rates on select tenures: Who will benefit?HDFC Bank has adjusted its lending rates. Effective May 7, 2026, some loan tenures will see a reduction of up to 5 basis points. However, o...
RBI rate cuts partly passed on to borrowers in FY26, lending rates fall but not fully: ReportRBI's repo rate cuts in FY26 were only partially passed on to borrowers, with lending rates declining but not matching the full policy redu...
Deposit rates could be headed up in a squeeze for banksAs the demand for loans skyrockets, Indian banks find themselves grappling with a challenge: enticing savers to deposit their money. For ye...
HDFC Bank trims lending rates: EMIs for these loans to fall as lender cuts MCLR on select tenuresHDFC Bank lending rates: HDFC Bank has reduced its Marginal Cost of Funds-based Lending Rates (MCLR) on select tenures by up to 5 basis poi...
Lower home loan EMIs for these bank borrowers: Bank of Baroda, Canara Bank have lowered loan rates by 5 bpsBank of Baroda and Canara Bank will reduce MCLR by 5 bps on select tenures. This move could lower EMIs for borrowers. Bank of Baroda has al...
HDFC Bank cuts these lending rates by 10 bps; check detailsHDFC Bank announces a cut in its MCLR. This benefits borrowers with loans linked to this benchmark. The reduction is up to 10 basis points ...
HDFC Bank cuts these lending rates by up to 15 bps; check detailsHDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates. This will benefit borrowers with loans linked to thi...
HDFC Bank cuts MCLR by up to 85 bps on these tenures, EMIs to go downHDFC Bank reduced its Marginal Cost Based Lending Rate (MCLR) for select tenures by up to 85 basis points. The new lending rates were effec...
SBI to pass on interest rate changes faster to home loan borrowers: Rates to be reset 6 monthlyThe State Bank of India latest announcement will help the borrowers whose loans are linked to the marginal cost of lending rate (MCLR) to b...
Canara Bank, Bank of Maharashtra cut MCLRBengaluru-based Canara Bank has cut its one-year MCLR to 7.55 per cent from 7.65 per cent earlier. Pune-headquartered Bank of Maharashtra (...
Canara Bank cuts repo-linked lending rate by 40 bpsThe revised lending rates will be effective from June 7, Canara Bank said in a statement. All new retail loans (housing, education, vehicle...
Union Bank of India cuts MCLR by up to 15 bps across all tenorsUnion Bank of India announced reduction in its MCLR up to 15 basis points across all tenors, effective May 11. Overnight MCLR has been redu...
Central Bank of India cuts MCLR on loans by 40 bps across all tenorsAfter the reduction, the one-year MCLR rate now stands at 7.6 per cent, down from 8 per cent earlier.
Bank of Baroda cuts MCLR by up to 10 bpsWith this reduction, the one-year MCLR has come down to 8.15 per cent per annum from 8.25 per cent, according to a bank statement.
State Bank of India, Bank of India cut MCLRWith this reduction, the one-year marginal cost of funds-based rate (MCLR) has come down to 7.85% per annum from 7.90%.
United Bank of India cuts MCLR by five basis pointsState Bank of India was first to announce 10 bps cut in MCLR last week after Reserve Bank of India Governor Shaktikanta Das exuded confiden...
Union Bank of India cuts MCLR by up to 10 bps across tenorsAfter the cut, Union Bank of India's one year MCLR now stands at 8.2 percent, down from 8.25 percent. According to a press release issued b...
Dena Bank cuts lending rate by 0.75 per centDena bank has reduced marginal cost of funds based lending rate (MCLR) by 0.75 per cent to 8.55 per cent for 1 year tenor, the bank said in...
ICICI Bank reduces MCLR by 0.05 per centThe overnight MCLR will be 8.90 per cent under the revised rate structure which is effective from today, sources said.