Lending Rates

MSME borrowers have come under strain and banks have begun to increase the spread on loan rates to capture credit risk

Bank of Maharashtra hikes lending rates for more than six months tenure by 5bps

The new rate will come into effect from October 19.The rates for other tenures remain unchanged.

Bank of Baroda hikes lending rates by 5 bps across select tenures

The new rates will be effective from April 12, 2024.

Lending rates to go up, deposit rates to remain stable in 2024, say experts

A quality asset base and good performance by corporate and retail portfolios are expected to help the banking sector during 2024.

Banks may not change lending, deposit rates after MPC meet, say bankers

Some private and public sector lenders have already revised their rates ahead of the Monetary Policy Committee meeting that ends on October 6.

SBI hikes lending rate by 5 bps across tenures from today

The new rates will now range between 8 percent and 8.75 percent

The treacherous world of corporate loan pricing

Banks say the current wholesale loan rates do not fully reflect the risks involved and are hesitant on such loans due to potential mispricing.

Bank of Maharashtra hikes lending rates

The revision in MCLR is effective from April 15, 2023.

Indian Bank hikes lending rates by up to 25 bps

The new rates are effective from January 3, Indian Bank said in a regulatory filing.

Banks follow RBI's signal; hike lending rates

The effective Repo Based Lending Rate (RBLR) with effect from December 7 is 9.10 per cent as per the revised repo rate (6.25 per cent), state-owned Bank of India posted on its website.

Banks led by SBI hike lending rate by 50 bps after RBI raises policy rate

The hike has been effected in their benchmark rate linked to the repo rate, which increased by half a percentage point to 5.9%.

LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.50%

The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation.

China central bank cuts lending rates to boost economy

The world's second-biggest economy saw an improvement after some coronavirus restrictions eased in June, but consumer and business sentiment remains weaker than usual.

ICICI Bank, PNB hike external benchmark based lending rates

The Reserve Bank of India (RBI) increased the key policy repo rate — at which it lends short-term money to banks — by a steep 50 basis points or 0.5 per cent to a three-year high of 5.40 per cent to tame high inflation.

Union Bank hikes lending rate by 10 bps across loan tenures

A number of banks have increased lending rates for their customers following RBI's decision to raise the policy repo rate by 50 bps

US Fed raises rates by 50 bps, biggest hike in two decades

The half-point surge, the most aggressive since 2000, suggested that further large rate hikes are likely to come.

Asian shares rise as China cuts key mortgage rate

Despite the steadier start in Asia, analysts at ING said geo-political risks, notably the possibility of Russia invading Ukraine, could continue to weigh on global shares, adding to existing pressure from the rising rates outlook.

PFC, REC reduce lending rates by up to 2 percentage points from April 1

The new lending rates will be effective from April 1, 2021. This initiative was undertaken to offer competitive rates, in line with the rates being offered by peers in the market.

China cuts benchmark rate for second time this year, as widely expected

The one-year loan prime rate (LPR) was lowered by 20 basis points (bps) to 3.85% from 4.05% previously, while the five-year LPR was cut by 10 bps to 4.65% from 4.75%.

Monetary Policy | Rate cut bonanza to continue

The RBI will now be expected to do its bit  to complement the government’s efforts to reverse the slowdown.

Explained: Will the new repo-linked loan rate increase or lower your interest cost?

The RBI has made it compulsory for banks to link their new floating rate home, auto and MSME loans to an external benchmark from October 1 so that the borrowers can enjoy lower rate of interest.

Time to 'formalize' linking of new loans to repo rate, says RBI Governor Shaktikanta Das

Das said that banks have responded positively to linking interest rates to external benchmark but the process needs to be faster.

Comment | Why Shaktikanta Das’s nudge will not bring down lending rates

There are a number of structural problems that affect monetary policy transmission.

China considering measures to adjust lending rates for companies: Central bank official

Sun Guofeng, head of the People's Bank of China's monetary policy department, said that despite rising expectations of a central bank interest rate cut, it is "more urgent" to allow financial markets, rather than the PBOC, to determine lending rates.

SBI hikes interest rates on loans by 10-25 bps

It is the first hike in 1-year MCLR since the adoption of MCLR as the new lending rate system in April 2016