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Bank lending rates News

05 Jan 2017

NBFC's getting benefit after cut in MCLR

01 Nov 2016

Dena Bank, SBBJ cut lending rate, effective from November 1

Two public lenders Dena Bank and State Bank of Bikaner and Jaipur (SBBJ) today cut benchmark lending rates by up to 0.1 percent.

17 Oct 2016

Axis Bank cuts lending rate by 0.05% across tenors

Private sector Axis Bank has cut the marginal cost of fund based lending rate by 0.05 percent across all tenors, effective tomorrow (Tuesday).

31 Mar 2016

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.

31 Mar 2016

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.

05 Oct 2015

Canara Bank, 3 others cut benchmark lending rates

State-owned Canara Bank, Corporation Bank and Bank of Mysore Monday reduced their benchmark lending rates by up to 0.25 percent, making home and auto loans cheaper.

20 Aug 2015

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.

10 May 2015

Companies look at banks for funds as bonds become expensive

Bonds rates are expected to firm up further in anticipation that the US Federal Reserve will raise rates.

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