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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.
Asset quality, growth and wider footprint fire up CreditAccess
The stock has gained 11 per cent in one month and 28 per cent in three months ...
PSU banks likely to cut home, car loan rates on govt push
State-run banks may link retail loans to an external benchmark, like repo rate
Five more PSBs follow SBI, link deposit, loan rates to repo
Bank of India said another dimension of rate transmission process is by way of offering repo linked lending rate to select customer segments, including personal loans.
FM pushes banks to pass on rate cuts faster, link interest on loans to repo rate
"Today's environment demands that the banks be more reasonable with this," said Sitharaman.
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.
Treasury windfall can offset bad loan losses for banks
At 6.58 per cent, the benchmark yield has fallen to the lowest since September 11, 2017.
ICICI Bank, Bank of Maharashtra cut MCLR, HDFC Bank maintains: Who has the lowest rate?
According to the HDFC bank’s website, the latest interest rate will be effective from January 7, 2020. All MCLR rates stands unchanged. 6-month MCLR stands at 8 bps, 1-year at 8.15 percent, 2-year at 8.25 percent and the 3-year rate at 8.35 percent.
Good times ahead for banking customers and home loan borrowers?
For instance, they could make a loan application through the portal, which will elicit responses from banks that are interested.
Piramal Capital looks to raise $400 million via offshore loan
Under the current circumstances, any Indian company with a fair share of builder loans has to walk the extra mile to raise overseas credit.
SBI links home loan interest rates to repo rate: Will borrowers gain?
SBI has decided to link its home loan interest rates to the repo rate. Here's what this means for borrowers.
SBI ties interest rates on deposits, loans with repo
Lender’s move to aid quicker transmission of monetary policy
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.
Lenders make a beeline for IOC loan blockbuster
The timing of IOC's latest loan and the richer pricing it offered than that of its previous borrowing
SBI reduces one-year MCLR by 10 bps
According the bank’s press release, this is its eighth consecutive MCLR cut this financial year.