EXTERNAL BENCHMARKING LOAN
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, ed...
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.
Fullerton India Credit aims to raise $250-300 million via offshore loan
Singapore’s DBS Bank and Japan’s MUFG and Mizuho banks are helping the company arrange the syndicated loan.
Canara, Corporation Bank, others introduce repo linked loan products
With banks launching this product, rates for home, car and personal loans will come down.
Altico and Mashreq approach RBI against HDFC Bank
Altico Capital had early last month said it defaulted on an interest payment to Mashreq Bank.
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.
Karnataka Bank Q2 profit drops 5.3% at Rs 106 crore as bad loans go up
Provision coverage ratio as on September 30 stood at 59.19 per cent (57.49 per cent as on September 2018), the bank said.
JPMorgan races to add rescue financier to slew of WeWork roles
JPMorgan funds are among We Co.’s largest shareholders, trailing only SoftBank Group Corp., the company’s co-founders and venture capital giant Benchmark Capital.
Essel gets more time from mutual funds to repay loan
The fund houses have an outstanding of over Rs 11,000 crore from Essel Group.
Some MFs may give more time to Essel promoters for repayment of loan
Mutual fund officials said their outstanding debt is now worth Rs 2,300 crore.
Repo-linked loans: Choosing a lender to be much easier as only 2 criteria for comparing loans
Borrowers no longer need to wait for their banks to react in response to rate cuts or rate hikes.
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.
SBI plans to review repo-linked home loan
The repo-linked lending rate is a positive development as both customers and in many cases, those distributing the loans were not aware of the features of the repo-linked rate.
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