SEARCHED FOR:EXTERNAL BENCHMARKING LOAN
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...
RBI governor says time other banks linked loans, deposits to repo rate
Das explained that the RBI has kept the external benchmarks in abeyanc...
Hours after RBI call, Axis Bank says linking loans to repo rate is not the only way for faster transmission
It can be noted that till the last rate cut of 0.35 percent, the banks have passed out only 0.29 percent of the 0.75 percent in rate cuts initiated by the RBI to the final borrowers.
Repo-linked deposit & loan rates: In whose interest is it any way?
From May 1, 2019, all savings deposits above Rs 1 lakh would be priced 275 bps below repo rate.
Your home, personal loans may soon be based on market rates
Interest rates on loans across the board would soon be benchmarked to external market rates.
Small deposits, loans will continue to be MCLR based, says SBI
In a first, State Bank of India yesterday linked pricing of loans and deposits to repo rate.
Your loan EMI likely to come down as RBI cuts Repo rate by 25 bps
This is second consecutive time the RBI has cut the repo rate in this calendar year. With the apex bank lowering rates, it is likely that banks will follow suit.
How can the Indian economy revive after the corporate tax cut
What will it take for growth to pick up? ET looks at key questions and factors.
FinMin to hold review meeting with public sector banks on Thursday
Additionally, the ministry will discuss how banks can help customers in tracking online loan applications for retail, MSME (micro, small and medium enterprise), housing, and vehicle loans, among others.
Why your home loan EMIs won't come down immediately
The 25 basis point repo rate cut by the central bank won’t have an immediate impact on your home loan EMIs.
SBI cuts interest rate on home loan by 5 bps
Deposit rates offered by the country's largest bank is already on the lower side.
Loan EMIs likely to reduce: RBI cuts repo rate by 25 bps
This is the first time in FY2018-19 that the RBI has cut key policy rates. Earlier, apex bank has hiked the rates twice in June and August 2018 by 25 bps both times.
SBI cuts MCLR and fixed deposit rates across all tenors
Due to this rate cut, the one-year MCLR would come down to 8.15 percent a year from 8.25 percent. This is SBI's fifth consecutive cut in MCLR in FY 2019-20.
How loan and FD interest rates changed in 2018 & what to expect in 2019
The RBI made some policy changes during the year. Here is a look back what RBI has done this year and how it has impacted borrowers and FD investors.