EXTERNAL BENCHMARKING LOAN
JSW Steel plans $350 million offshore loans
JSW has proposed to raise five-to-seven-year loans, which may be priced after adding about 350 basis points to the London Interbank Offered Rate (six-month), the people told ET.
Indian Overseas Bank to offer repo-linked loans from October 1
The Reserve Bank through a notification in early September had advised banks t...
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 enterp...
Govt working on sovereign benchmark for overseas debt : Sanyal
Sanjeev Sanyal said that as the primary deficit is low and the debt-GDP ratio was less than five per cent there is scope for raising low cost debt from overseas markets.
Loans to become cheaper after RBI cuts interest rate to a decade low
With all six members of MPC voting in favour of a rate cut and for retaining the accommodative stance, the benchmark repurchase rate was cut by 25 basis points to 5.15 per cent.
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.
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.
Loans and exposure across Indiabulls, YES Bank, ADAG and DHFL appear interlinked: Hemang Jani
We have seen a systematic destruction of market cap in Indiabulls, YES Bank, ADAG and DHFL.
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.
IndusInd Bank Q2 profit surges 52% YoY to Rs 1,401 crore, provisions jump 25%
Provisions and contingencies jumped 24.97 per cent on a yearly basis to Rs 737.71 crore.
Bank of Maharashtra cuts MCLR by 10 bps
The lender has also cut down the repo linked lending rate (RLLR) by 0.25 per cent to 8.20 per cent from 8.45 per cent earlier with effect from October 8.
IndusInd may name Sumant Kathpalia as CEO Sobti’s successor
Kathpalia, 55, has been with IndusInd Bank since 2008.
Bank of Maharashtra to link retail loans with repo rate
The inter-bank meeting, held under the aegis of the State Level Bankers' Committee (SLBC), was organised by BoM, convenor, SLBC, Maharashtra State.
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.
What banks may now charge you for a loan
Larger banks with significant share of current account and savings account deposits may be in a better position to mitigate the cost effect.
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