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SBI, ICICI, PNB and others move to lending rates based on marginal cost

SBI, ICICI, PNB and others move to lending rates based on marginal cost

The new interest rates vary from 8.95 percent for overnight to 9.35 percent for three years, SBI said in a document posted on its website Thursday.

HDFC Bank revises lending rates based on marginal cost

Private sector lender HDFC Bank Thursday revised lending rates based on marginal cost of funds, a new methodology that will take effect from April 1.

OBC cuts interest rates on deposits less than Rs 1 cr

For maturities from 31 days to 45 days, the bank has cut interest rate from 6 percent to 5.5 percent for deposits less than Rs 1 crore.

Cut in small savings rate may lead to lower lending rates:RBI

The Reserve Bank Thursday said banks may cut their lending rates further with the lowering of interest rate on small savings schemes by the government.

Corporation Bank further cuts lending rate by 0.05%

State-owned Corporation Bank Wednesday further revised its benchmark lending rate by 0.05 percent to 9.65 percent.

HDFC, Canara Bank, StanChart and others cut lending rate

HDFC, Canara Bank, StanChart and others cut lending rate

Country's largest mortgage lender HDFC and four other lenders, including Canara Bank and StanChart, cut their base rates by up to 0.25 percent, a move that will make home, auto and other loans cheaper.

HDFC slashes lending rate by 0.25%

HDFC, country's largest mortgage lender, Monday cut benchmark lending rate on housing loans by 0.25 percent to 9.65 percent, a move which will lower the EMI for borrowers.

Raghuram Rajan nudges banks to cut lending rates

RBI Governor Raghuram Rajan Thursday said there is a need for banks to cut their lending rates anticipating the benefits which will be accruing from the central bank's rate cuts.

No room for cut in lending rates in near-term: Bankers

Bankers Tuesday ruled out any immediate lowering of interest rates even as the Reserve Bank rapped them for not fully passing on to borrowers three cuts in the key rate this year, saying it expects them to do so in the near future.

Bankers see higher PPF rate limiting more deposit rate cuts

Bankers have said there is more room to cut deposit rates which can help bring down lending rates, but fear that competing savings instruments like PPF and tax-free bonds will limit their ability.

More rate cuts needed for banks to lower lending rates: ICRA

Rating agency ICRA Friday said concerns on inflation are ebbing and the Reserve Bank should slash the key rates at the forthcoming policy meet for better transmission of its moves by lenders.

Banks may further reduce interest rates by end of week: HDFC

Hinting at another round of interest rate cuts, private sector lender HDFC Bank's Managing Director Aditya Puri Wednesday said most banks will cut their lending rates by the end of the week.

Indian Bank cuts lending rate by 0.3%, UBI slashes FD rate

State-owned Indian Bank Thursday slashed base rate or the minimum lending rate by 0.3 percent while United Bank of India (UBI) has reduced fixed deposit rates by up to 0.25 percent on select maturities.

SBI slashes base rate by 0.15%; effective June 8

The nation's largest lender State Bank of India Tuesday reduced its base rate by 15 basis points after the RBI cut repo rate by 25 basis points.

SBI cuts lending rate by 0.15%, effective June 8

India's largest bank, the State Bank of India on Tuesday cut its base lending rates by 0.15 percent to 9.70 percent, to be effective from June 8.

India Inc. urges RBI to cut key lending rates

Ahead of the Reserve Bank of India's (RBI) bi-monthly monetary policy review, industry lobby Federation of Indian Chambers of Commerce and Industry (FICCI) on Sunday urged the apex bank to cut key lending rates and ease the monetary policy.

Karnataka Bank cuts lending rate by 0.25%

Private sector Karnataka Bank on Saturday cut base rate or minimum lending rate by 0.25 percent to 10.50 percent, a move which will lead to lower EMIs for its customers.

Canara Bank, OBC cut lending rates by up to 0.25%

Joining the rate-cut bandwagon, two state-owned lenders Canara Bank and Oriental Bank of Commerce on Friday cut base rates to 10 percent, which will lead to lower EMIs for their loan consumers.

21 banks lower lending rates after RBI rate cut: Sinha

RBI had cut the repo rate by 0.25% in January and further by 0.25% in March.

Sundaram BNP Paribas slashes home loan rates

Sundaram BNP Paribas Home Finance on Monday announced a 20-basis point cut in its interest rates to 9.95 percent from the earlier 10.15 percent.