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RBI likely to leave repo rate unchanged in Aug policy meet

With the 115 bps reduction in repo rate beginning February, banks have already transmitted 72 bps to the customers on fresh loans and some large banks have transmitted as much as 85 basis points.......

Want to buy a house? Now is the time!

'This is for the first time home loan rates have dropped below 7 per cent,' notes Tamal Bandyopadhyay. Photograph: Kind Courtesy Jens Neumann/Pixabay In October 2003, ABN Amro Bank announced its......

Home loans to get cheaper as SBI cuts MCLR by 25 bps

The bank also announced that it will reduce its external benchmark linked lending rate as well as repo linked lending rate by 40 basis points from July 1. Illustration: Uttam Ghosh/ The......

COVID-19: India Inc asks RBI for one-time loan recast

The one-time restructuring of loans will help every firm and prevent cost-cutting measures such as lay-offs. Illustration: Dominic Xavier/ With zero sales and rising fixed costs, India......

SBI cuts savings rate by 25 basis points

The country's largest lender, SBI on Tuesday said it has cut savings rate by 25 basis points, or 0.25 per cent, to 2.75 per cent on all deposits.  IMAGE: SBI chairman Rajnish Kumar.......
  Web results for Mclr
Bank of Baroda cuts MCLR by 0.05 per cent across tenors

Among others, from overnight to six-month tenor loans, the MCLR has been cut to 6.60-7.30 per cent, the bank said. New Delhi: State-owned Bank of... ...
DLF raises Rs 2,400 crore from SBI through lease rental discounting

In the backdrop of general concerns over liquidity for real estate and rental assets, the deal assumes significance as the funding carries an... ...
IOB reduces MCLR by 5 bps

Indian Overseas Bank will reduce the Marginal Cost of funds-based Lending Rate (MCLR) across all tenors by 5 bps, effective October 10, 2020. The loan ...
South Indian Bank cuts MCLR by 0.05 pc across tenors

The benchmark one-year MCLR, which is mainly factored in to decide most consumer loan rates, has been reduced to 8.20 per cent from 8.25 per cent.... ...
Noida to move Supreme Court over 8% interest order

Staring at losses of nearly Rs 10,000 crore this fiscal, the Noida and Greater Noida authorities have decided to move the Supreme Court for a... ...

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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