Marginal Cost Of Funds Based Lending Rate

To whom are these reduced rates applicable The reduction in State Bank of India‘s (SBI‘s) rates, is not as widely applicable, as is made out to be. It is not that the home loans &#82

No merger talks with Union Bank: Dena Bank CMD

Dena Bank Chairman and Managing Director Ashwani Kumar also said he did not foresee any further rate cuts.

Manage your home loan smartly, as interest rates dive

The year 2017 has begun on a good note for home loan borrowers, with significant cuts in interest rates being announced by most banks. Experts point out that the reduction in the interest rates, &#82

Home loans based on credit rating finally arrive in India

Your credit history and credit score used to play a decisive role in determining whether you would get a home loan or not and it would stop there. You would get a home loan, &#82

How are home loan rates charged by banks and housing finance companies

Basis of home loan interest rates charged by housing finance companies Housing finance companies (HFCs) are regulated by the National Housing Bank Limited (NHB), a subsidiary of the RBI. The funding of housing finance &#82

Home loans turn cheaper, as Bank of Baroda and others cut rates

The state-run Bank of Baroda (BoB) reduced its home loan rates by 70 basis points to 8.35% – the lowest across the industry and will be applicable for customers having a strong CIBIL score. &#82

More banks cut rates by up to 0.9%

In a move that will help bring down the cost of home, auto and other loans linked to the marginal cost of funds-based lending rate (MCLR), more banks slashed their benchmark lending rates on &#82

How and why will the current reduction in lending rates, affect home loan rates?

The substantial cut of 0.90% by the State Bank of India in its marginal cost of funds-based lending rate (MCLR), has created a lot of interest amongst the general public and borrowers, in particular. &#82

Banks cut base rates; home loans to be cheaper

Taking a cue from State Bank of India, other lenders including India‘s largest private sector lender ICICI Bank and state-owned Oriental Bank of Commerce and Andhra Bank, have announced cuts in their marginal cost &#82

Home loan rate cut and sops: Immediate cheer but can it revive the sector?

Prime minister Narendra Modi‘s new year‘s eve announcement, on interest subvention for housing loans for the poor and the middle-class, was soon followed by rate cuts by various banks, including the government-owned State Bank &#82

SBI, ICICI Bank cut home loan rates

Private sector lender ICICI Bank announced a cut of 0.10% in its marginal cost of funds based lending rate (MCLR) across tenors. This was followed by a similar move by the country‘s largest lender, R

SBI, ICICI Bank cut lending rates

Private sector lender ICICI Bank was the first to announce a cut of 0.10 percent in its marginal cost of funds based lending rate (MCLR) across tenors, which was followed by a similar move by the country's largest lender SBI, but of a larger measure of 0.15 percent.

Home loans to get cheaper, as banks promise to pass on RBI rate cut

The six-member Monetary Policy Committee (MPC), headed by Reserve Bank of India (RBI) Governor Urjit Patel, on October 4, 2016, unanimously voted to reduce the repo rate or the short-term rate at which the &#82

ICICI cuts lending rate by 0.05%

Country's largest private sector lender ICICI Bank cut its marginal cost of funds-based lending rate (MCLR) by 0.05 percent, to take it at par with the rates offered by SBI and HDFC Bank

Yes Bank cuts MCLR by 10 bps

The city-headquartered lender's one year MCLR will now be 9.5 percent as against the earlier 9.6 percent, it said in a statement.

New base rate math: RBI moves toward marginal cost of funds

The final norms on marginal costs for banks will be effective from April 1, 2016.