EXTERNAL BENCHMARKING LOAN
IDBI Bank narrows Q2 loss to Rs 3,459 crore on higher margins, lower NPAs
The gross NPA ratio stood at 29.43, marginally better than 31.78 it had reported in the year-ago period.
SBI cuts MCLR by 5 bps across all tenors; reduces FD rates as well
The new MCLR rates will be effective from November 10. After the cut, the ...
HDFC Bank cuts MCLR by up to 10 bps
Private sector lender, HDFC Bank has cut MCLR rates by between 5 bps and 10 bps for these tenors: 6-month...
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.
Individual loan demand strong despite fears of a slowdown: Keki Mistry, HDFC
We have guided the market that we are cautious about growing non-individual loans.
Central Bank of India reduces repo-based lending rate by 25 bps
After the Reserve Bank of India cut the repo rate for the consecutive time this year on Friday, many banks too have followed suit and reduced interest rates on their loans.
Andhra Bank to cut MCLR by 10 basis points across all tenors
The benchmark one-year tenor MCLR, which is used to price most of the consumer loans, has been brought down to 8.30 per cent from 8.40 per cent.
5 lesser-known factors that can push up your home loan interest rate and lower credit score
While linking interest rates to an external benchmark, the Reserve Bank of India has allowed the banks to charge credit risk premium as a part of the spread over and above the external benchmark rate to arrive at the effective interest rate.
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.
From Oct, loans to be linked to external benchmarks. How will this impact borrowers?
Loans linked to external benchmarks are going to be the norm from October 1.
External benchmarks may not bring down loan rates
NPA-laden banks may increase spreads over benchmark rates to protect their profitability.
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.
Changes that will directly impact your personal finances starting this month
Starting October 1, there are five key changes that will have a bearing on your personal finances. ET Online's Shambhavi Mehrotra brings you...
China unexpectedly keeps LPR lending benchmark unchanged, but outlook for rates down
The one-year Loan Prime Rate remained at 4.20%, steady from the previous monthly fixing.
External benchmarks for loan pricing puts cart before the horse
Moving floating interest rate loans would push banks, borrowers and the RBI itself into unchartered territories.
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