एसबीआई ने सीमांत लागत आधारित उधार दर (MCLR) में 25 बेसिस प्वा�
India’s biggest private sector bank HDFC Bank has raised its lending rates by a marginal 0.05 per cent across select loan tenors. The lenderR
Three more banks have raised the MCLR which will lead to higher EMIs by customers
According to HDFC Bank Banksite, the Marginal Cost of Funds-Based Lending Rate or MCLR is the minimum interest rate below which no financial instituti
The public sector bank has hiked its one year MCLR to 8.65%
The RBI has kept repo rate, the rate of interest at which commercial banks borrow money from the central bank, at 4% for the last five bi-monthly meet
One reason could be that the higher (AAA & AA+)-rated companies could borrow cheaper from the markets than from banks whose loan pricing has been as h
If the RBI maintains status quo in the key rate, it would be the sixth time in a row that the central bank kept the policy rate unchanged
With average home loan interest rates hovering between 6.65-6.90%, borrowers now want to repay their mortgages as fast as possible
Private banks say that their cost of funds is higher since they offer higher interest rates on FDs of the same tenure compared to public sector banks