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Top 5 banks' home loan interest rates

The Reserve Bank of India has directed banks to link their lending interest rate to an external benchmark rate such as repo rate. The aim is to provide greater transparency and faster transmission of changes in the policy rates.

Bank of Baroda to pass on RBI's repo rate cut benefit to external benchmark linked loans

Interest rates on home and auto loans are available from 8.1 percent and 8.6 percent, respectively, as per the release.

RBI repo rate cut: Cheer for borrowers but interest rate on FDs likely to fall further

This cut is sweeter for new borrowers as banks are supposed to link all new floating rate loans to four external benchmarks specified by RBI from October 1.

Indian Bank to link retail & MSME loans to RBI's repo rate from October 1

The RBI has mandated all banks to link their loans with external benchmarks, such as repo, aimed at faster transmission of rate cuts effected by it to consumers.

Top 10 banks' home loan interest rates

These 10 banks are offering the lowest home loan interest rates for salaried individuals.

RBI's repo rate cut to boost home sales

RBI's monetary policy committee (MPC), led by Governor Shaktikanta Das, on Thursday announced a 25 basis points.

RBI repo rate cut and debt mutual fund downgrades: What should MF investors do now?

Stick with funds that have well-diversified portfolios tilted towards AAA or similarly rated securities.

Bankers, financial players hail RBI repo rate cut, hope consumer demand to get a boost

RBI announced to cut the key repo rate, at which it lends to banks, for a third straight time by 25 basis points to 5.75 percent.

Allahabad Bank to offer repo linked retail, small business loans from October

The decision has come in line with the Reserve Bank of India guidelines of September 4, 2019, Allahabad Bank said in a regulatory filing.

RBI repo rate cut explained: Will a second relief help consumers?

The Reserve Bank of India Monetary Policy Committee in its bi-monthly meet announced a 25 basis point cut in the repo rate given the environment of global slowdown and low rate of inflation in the country. What does this mean and how would the economic scenario pan out in coming days. T K Arun of The Economic Times explains.RBI repo rate cut explained: Will a second relief help consumers?

Allahabad Bank launches external benchmark linked loans for retail borrowers

With the introduction of these products, the bank is passing on the benefit of lower interest rate in the range of 5-150 bps from the existing rate of interest under MCLR.

Indian Overseas Bank decides to link retail and MSME loans to repo rate

All the new loans under the retail segment and micro and small enterprises categories will be offered with Repo Linked Lending Rate (RLLR) only.

PNB ties up with NBFCs for co-orginating loans worth Rs 4,000 crore

The stress on NBFCs and HFCs is seen as a key reason for slowdown in the economy, as it has caused reduced credit flow to small businesses.

State Bank of India cuts MCLR by 10 bps across tenors, loans to get cheaper

​Due to this rate cut, the one-year MCLR would come down to 8.05 percent a year from 8.15 percent.

Indian Overseas Bank to offer repo-linked loans from October 1

The Reserve Bank through a notification in early September had advised banks to link all new floating rate for personal or retail loans and MSMEs to one of the external benchmarks.

New home loan takers to gain instantly from RBI cut

On an average, home loan rates are likely to fall by 25 basis points for new borrowers.

From Oct 1, all SBI floating rate loans to be linked to repo rate

The decision has come after the Reserve Bank of India (RBI) mandated all banks to link their floating rate loans to an external benchmark.

FinMin to hold review meeting with public sector banks on Thursday

Additionally, the ministry will discuss how banks can help customers in tracking online loan applications for retail, MSME (micro, small and medium enterprise), housing, and vehicle loans, among others.

SBI hikes margin over repo rate in new loan scheme from Oct 1

The bank will charge additional spread/margin over the above mentioned rate in case of borrowers in specified situations where risk is ascertained to be higher.

5 changes that will impact your personal finances from October 1

Starting October 1, all I-T notices, letters or other tax-related correspondence will carry a unique number.

PNB, Allahabad Bank launch loan products linked to repo rate

Punjab National Bank launched PNB Advantage, a retail lending scheme linked with the repo rate effective Tuesday.

Bank of America Merrill Lynch sees a possibility of 50-bps rate cut in October meet

BofAML said lower yields or lending rates hold key to growth bottoming out by early 2020.

How will borrowers' EMIs be reset after RBI decision to link loans to external benchmarks?

From October 1, 2019, any loan taken will be linked to any one of the 4 external benchmarks specified by RBI.

IDBI Bank launches repo-linked home, auto loans at interest rates starting from 8.30% per annum

The private sector lender said these loans will be offered to new customers having good credit score and a minimum income of Rs 6 lakh per annum.

RBI cuts repo rate by 25 bps to 5.15%, lowest since March 2010

It was in addition to a cumulative 110 bps rate cut that RBI has announced so far this year.

Online hiring dips 5% in first half

The latest report of the index, shared exclusively with ET, shows a 5% decline in online hiring across sectors in India.

UCO, Allahabad Bank cut MCLR

Allahabad Bank also said it has decided to reduce the rate of interest on retail term deposits by 10 bps across all terms over one year.

What does the RBI move mean for you

As per RBI’s proposal, banks can link their lending rates with an external benchmark instead of the MCLR.

SBI withdraws repo rate linked home loan scheme

The bank removed details of the repo-rate linked loan scheme from its website about a week ago.

RBI repo rate hike: Home loans set to become costly

Borrowers who were hoping for respite from high interest rates will have to wait a little longer. In its bi-monthly monetary policy held on Wednesday, the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. With the announcement, the repo rate now stands at 6.25%. Along with this reserve repo rate has also been hiked to 6%.RBI repo rate hike: Home loans set to become costly

Economic slowdown: Online hiring slips 5% in January-June period

Meanwhile, year-on-year basis the online hiring demand witnessed 16 per cent growth H1 2019 compared to H1 2018.

RBI Monetary Policy: Repo rate cut to boost affordable homes sales

Property builders hope the current rate cut would translate into lower EMIs on housing loans and will aid the sluggish property market.

Lending rates likely to soften on cut in repo, MCLRs: Kotak

The report said that weighted average term deposit rates have started to decline.

Why RBI repo rate should not influence your home loan decisions

As things stand today, the interest rate appears to either remain stagnant or there exists a remote possibility for them to move up in the near term.

RBI repo rate: Need to remain vigilant on how actual inflation unfolds, says Urjit Patel

Borrowers who were hoping for respite from high interest rates will have to wait a little longer. In its bi-monthly monetary policy held on Wednesday, the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. With the announcement, the repo rate now stands at 6.25%. Along with this reserve repo rate has also been hiked to 6%.RBI repo rate: Need to remain vigilant on how actual inflation unfolds, says Urjit Patel

RBI repo rate unchanged. Where should you invest now?

A status-quo policy is not a great news for debt mutual fund investors, as debt funds gain the most when the rates go down.

RBI cuts repo rate by 25 bps for 3rd time: Here's how much your EMI may fall

This is the third time in a row that the central bank has cut key rates this calendar year.

RBI to hold more talks with banks on linking home, auto loans with external benchmark

In December 2018, the RBI had proposed that floating interest rates on personal, home, auto and MSEs loans should be linked to external benchmarks from April 1, 2019.

RBI may come out with guidelines on transmission of policy rates: Shaktikanta Das

The RBI chief said discussions with several banks are on and he will discuss it again to ensure full transmission.

RBI repo rate cut: What to do as a bank FD investor

With a lower repo rate, the banks' cost of funds takes a tumble. In turn, the banks also cut the deposit rate if liquidity is comfortable.

Interest rate for SBI saving a/cs with Rs 1 lakh plus balance to be linked to repo rate from May 1

Rates on big savings accounts and some short-term loans will change with change in repo rate.

GDP growth in Q4 likely to moderate to 6.1-5.9%, may lead RBI to cut rates: SBI report

The slip in GDP growth may force the RBI to move with a deeper 0.50% cut in rates at its next meet, the report said.

Why Ajay Srivastava is betting on banks & PSUs

NDA's this five-year term will be the term of the PSU stocks, they will be sold, says Srivastava

Linking loans, deposits to repo rate to impact only largest savings bank customers: Arijit Basu, SBI

Small businessmen who take loans below one lakh, are not affected by linking with repo rate, says Basu

HDFC Bank cuts MCLR for 2,3 year loans by 5 basis points: Home loans get cheaper

HDFC Bank has reduced its 2-year and 3-year MCLR by 5 basis points. This would impact only those deposits and lending products benchmarked to those tenors.

RBI repo rate cut impacts 10-year G-sec, debt fund yield marginally

While interest rate cuts by the RBI hold the promise of lower EMIs and better debt fund returns, data shows that the benchmark bond yield does not always fall in tandem.

Ex-FM Yashwant Sinha welcomes RBI repo rate cut

According to Sinha, the RBI should have ideally cut down the key policy rate by 50 basis points instead of that announced today.

Linking interest rate to external benchmark: What does the RBI move mean for you

Banks will have to link interests to external benchmarks instead of internal ones, which is the current norm.

RBI-industry meet: India Inc pitches for rate cut to prop up growth

Suggestions come ahead of the sixth bi-monthly MPC statement for 2018-19 to be announced on February 7.

In a first, SBI links pricing of loans, deposits to repo rate

The new rates linked the external benchmark rate of the repo rate, will be effective May 1.

Expect a 15% growth in housing loan disbursements: Vinay Shah, LIC Housing

Liquidity has eased a lot compared to October, but we never faced any problem, says LIC Housing CEO.

RBI to cut rates again before elections, but no more: Poll

To a query if RBI would cut rate again before national polls, 30 of 54 economists said yes.

RBI's repo rate cut is hedged with hard talk

The political arena with the DMK, a key ally of the UPA government, announcing conditional departure from the ruling coalition.

Market Movers: What changed for the D-Street while you were sleeping

Nifty futures on the Singapore Exchange were trading 16 points.

RBI's repo rate cut to cheer builders, buyers

RBI's decision to cut repo rate by 50 basis points is expected to improve realty sales volumes and ease the pressure a bit for cash-strapped developers.

Phew! Money markets ending a breathless year; what’s up ahead in 2019

RBI intervened to smoothen the fall in the rupee by selling more than $30 billion since April.

External benchmarking of loan interest rates to help new borrowers: Here's how

Banks are set to move from internal benchmarks to determine floating rates of retail loans to external benchmarks specified by the central bank.

Market Movers: What changed for D-Street while you were sleeping

Nifty futures on the Singapore Exchange were trading 15 points

RBI repo rate hike: Bankers' reaction

Short duration mutual funds are the best for most investors, says R Sivakumar, Axis Mutual Fund

Most Axis debt funds across categories have been performing well in the last one year.

Banks should link home loan rates to repo rate: RBI appointed committee

The committee has also recommended that all banks use the same reset period of one month for loans. Under the current system, floating rate loans have a fixation period of roughly one year.

RBI repo rate cut: Your home and car loan EMIs may not come down soon

SBI chairman said that there is no scope of transmitting the RBI's repo rate cut. "Repo rate cut will have no impact on loan, deposit rates," he said.

How loan and FD interest rates changed in 2018 & what to expect in 2019

The RBI made some policy changes during the year. Here is a look back what RBI has done this year and how it has impacted borrowers and FD investors.

View: About time RBI shifts to explicit core inflation targeting

As of now, most lead indicators cited by the RBI suggest an upside risk to core inflation.

After pause in October, RBI may deliver final rate cut in December: BofA-ML

The note said that inflation risks are being "overdone", and a cool-off in price rise will be one of "compelling factors" that will make the RBI cut rates.

RBI to link bank's base rate to MCLR from Apr 1 for loans, borrowers on base rate may benefit

It has been decided to harmonize the methodology of determining benchmark rates by linking the Base Rate to the MCLR with effect from April 1.

RBI repo rate by 50 bps, CRR by 25 bps

The RBI raised its key lending rate for the third time in two months, taking it to its highest in seven years to quell price pressures, dampen demand and keep inflation expectations in check.

Your home, personal loans may soon be based on market rates

Interest rates on loans across the board would soon be benchmarked to external market rates.

Impact of rising interest rates on fixed income, equity, and debt mutual fund investors

In a rising interest rate scenario, how do your investments in equity-oriented and fixed-income products get impacted? Read on to find out.

Where to invest money for less than 1 year

If you have an investment horizon of 12 months or lesser or need to park funds for just one year here are a few investment options to choose from.

RBI may slash policy rate by 25 bps on February 2: BofA-ML

According to the global financial services major, a rate reduction is likely as inflation may be in line with RBI's January 2016 under-6 per cent target.

Demystifying Reserve Bank of India's repo rate

Repo rate is the rate at which the Reserve Bank of India lends short-term funds to commercial banks.

Is it the right time to switch home loan interest rate from base rate to MCLR?

Home loan borrowers servicing EMIs under the base rate should think about switching to MCLR to lower the interest burden. Here’s why and how you should go about it.

6 short-term investment options to choose from

Although there is no single defined period for short-term investments, anything from 7 days to less than 12 months can qualify as short-term.

11 financial moves that will help you make money in 2019

Here are 11 smart money moves you can make in 2019. These strategies can improve your finances and make your richer in the new year.

Government may link PPF returns to bank deposits, RBI’s rates

The move is part of the review by the finance ministry, which uses returns on government securities to annually fix rates for small savings schemes.

RBI to announce monetary policy review on Tuesday

Reserve Bank will announce its sixth Bimonthly Monetary Policy Review on February 2, the last before presentation of the Union Budget amid clamour for rate cut.

BofA-ML expects RBI to keep interest rate unchanged on August 4

The RBI will likely strike a dovish note to reiterate that the door is open for further rate cuts to support growth, the brokerage said.

BofA Merrill Lynch expects RBI governor Raghuram Rajan to pause on rate cuts

BofA Merrill Lynch expect RBI governor Raghuram Rajan to pause on rates on Tuesday and await further clarity on the monsoon.

Will RBI cut repo rate on February 8?

Inflation worries and the remonetisation exercise may delay the rate cut in upcoming monetary policy meet, unless the central bank is in a hurry to boost growth.

State lenders PNB, BoB, OBC cut base rate by up to 0.40 per cent

State-run lenders Punjab National Bank, Bank of Baroda and Oriental Bank of Commerce have trimmed their base or minimum lending rates.

Rajan pulls off a surprise, cuts repo rate by 50 basis points, stocks rally

The 50 basis points cut takes RBI's repo rate to a four-year low. At 6.75 per cent, the repo rate is now at its lowest since May 2011.

RBI’s open market operations key to recovery

I have estimated that the RBI needs to inject about $30 billion of permanent liquidity this year. However, the central bank, so far, has injected only $8.5 billion.

RBI may keep interest rate unchanged on Tuesday

According to a report, RBI is likely to keep key policy rates unchanged until budget and go for a 0.25 per cent easing in March or April this year.

NAREDCO delegation meets FM Arun Jaitley; seeks package for realty sector

A delegation of realtors' body NAREDCO today met Jaitley to demand a special package to revive realty sector which include interest subvention on home loans and tax concessions on affordable housing projects.

Interest-rate sensitive stocks recover post RBI rate cut

"Traders should not get carried away by the pullback. Positionally, it is a ‘sell on rise’ market and, hence, traders are advised not to create aggressive longs," said Angel Broking in a note.

Bank of America Merrill Lynch sees 0.25 per cent rate cut by RBI in Feb, total 0.75 per cent in 2015

BofAML today said a "dovish" Reserve Bank will slash key interest rates by 0.25 per cent at the February review meet and will do cuts of 0.75 per cent in 2015.

Realty firms expect a spur in housing demand following RBI's rate cut

RBI's decision to cut rates is likely to reduce borrowing cost for both home buyers as well as developers leading to increase in housing demand, realty firms said.

Fixed income continues to remain attractive for investors: Sudhir Agarwal, UTI MF

Those still continue to offer decent yield for the investor and probably make sense for investor to put money into these funds.

High interest rates will help in long-run: Raghuram Rajan

High interest rates may be more painful in the short run but helps in the long-run by quelling inflation, says Raghuram Rajan

Why it makes more sense to switch your home loan after this interest rate cut

Home loan borrowers servicing EMIs under the base rate should switch to MCLR to lower the interest burden. Here's why and how you should go about it.

EMI relief for home loan takers in the offing

While interest rates are unlikely to be reduced immediately, home loan borrowers can expect relief in the coming weeks.

DLF rallies over 2% on Rs 2100-cr fund-raising plan

DLF Ltd surged over 2% after the company announced plans to raise Rs 2,100 crore by selling 8.1 cr shares to QIBs.

RBI raises bank rate to 9.5% for Urban Co-operative Banks

The Reserve Bank has hiked bank rate for Primary (urban) Co-operative Banks by 3.5 per cent to 9.5 per cent with effective from February 13, 2012.

Banks enter 2016 with $60-billion red ink on books

ICICI Bank's CEO Chanda Kochhar said the financial sector will see continued innovations based on technology that will deliver enhanced convenience and value to customers.

Sri Lanka to benefit from RBI's $2 billion swap arrangement

Sri Lanka will benefit from the RBI's $ 2 billion swap arrangement aimed at strengthening regional cooperation.

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