Speaking to CNBC-TV18 the state-owner bank's CFO Anshula Kant said the MCLR has been on a decline over the last few months considering weak credit offtake and fund inflows. She sees possibility of a steeper reduction in MCLR going forward.
India’s largest housing finance company HDFC on Tuesday hiked its retail prime lending rate (RPLR) by 50 bps to 16.50% on its loans with effect from August 01, 2011. LIC Housing Finance or LICHFC may soon join the race.
South-based Dhanlaxmi Bank today hiked its minimum rate of lending or the base rate by 25 basis points to 10.25%, in line with peers in the lending industry.