EXTERNAL BENCHMARKING LOAN
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.
'RBI yet to hear from any banks on fixed-cum-floating loans'
RBI had earlier this month mandated all banks to link their personal or retail l...
5 lesser-known factors that can push up your home loan interest rate and lower credit score
While linking interest rates to an external bench...
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 one-year MCLR stands at 8 percent. According to SBI’s press release, this is the bank’s seventh consecutive MCLR cut during the current financial year.
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, 1-year, 2-year and 3-year. These rates will be effective from today, i.e., November 7. In August, the bank had cut MCLR across all tenors.
SBI to charge processing fees for home loans
The full waiver of consolidated processing fee offered during the festival period has been withdrawn.
HDFC lowers lending rates by 10 bps to 8.25%
The rate cut by the largest mortgage lender comes following a cumulative 1.35 percent rate reductions by the Reserve Bank since February.
YES Bank's Q2 earnings preview: Here’s what brokerages expect
The board is likely to consider the offer along with other proposals as well as results on November 1.
RBI defers linking loan interest rates to external benchmark
"It has been decided to hold further consultations with stakeholders and work out an effective mechanism for transmission of rates," said the RBI statement.
Home loans likely to get cheaper from this week
As banks shift to a new system borrowers could be paying less on their mortgages .
PSBs start giving loans based on customers’ risk profile
Bank of Baroda, Union Bank, Syndicate Bank roll out differential rates based on Cibil scores
Bank of Baroda lowers repo-linked retail loan pricing by 25 bps
The new rates will be applicable on home loans, mortgage loans, car loans, education loans, personal loans and all other retail loan products linked to repo rate.
SBI links retail and MSME loans to repo rate
Some other banks have also linked their loans to an external benchmark.
Tata Sons to inject Rs 6,500 crore morale booster into Tata Motors
This plan is part of Rs 10k cr fundraising; proceeds to be used to pare debt and refinance loans.
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