Bank of Baroda and Canara Bank have raised their lending rates. These changes are effective from June 12, 2026. Loans linked to these rates...

Pacific Investment Management Co. warns the credit loss cycle is imminent, driven by heavy AI spending that could widen economic disparitie...

The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 c...

Indian banks have significantly increased interest rates on foreign currency deposits for Non-Resident Indians, with some hikes reaching 35...

Public sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...

Following 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%,...

If oil prices stay at higher levels, some FPIs with exposure to the Indian banking sector through ETFs might decide to sell, putting these ...

RBI's decision to bear the hedging cost on FCNR-B deposits and exempt banks from maintaining the cash reserve ratio and statutory liquidity...

The government is exploring increasing the credit guarantee cover for education loans. This move aims to allow banks to offer loans exceedi...

HDFC Bank has increased its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 10 basis points, effective June 8, 2026. The revised...

The Reserve Bank of India has maintained the repo rate at 5.25%. This decision comes as policymakers assess the effects of higher energy pr...

The rupee strengthened significantly against the US dollar, gaining 50 paise to reach 95.24 following the RBI's liberalization of FPI inves...

Banks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. Whil...

The RBI is widely expected to keep the repo rate unchanged at 5.25% in the June 5 MPC meeting despite concerns over rising fuel prices, a w...

Indian banks are offering more loans at lower interest rates. Almost two-thirds of all bank credit now has rates below 9%. This shift follo...

Indian banks are witnessing a significant shift as nearly two-thirds of credit now carries sub-9% interest rates, a consequence of aggressi...

Indian banks aggressively cut fresh deposit rates in April 2026 to protect margins, with the weighted average falling to 5.77%. Simultaneou...