HDFC Bank increases MCLR on loans by up to 10 basis points   Private sector lender HDFC Bank has increased its marginal cost of funds-based lending rate (MCLR) on loans across all tenures by up to 10 basis points (100 basis points = 1%). The new loan rates will be effective from August 8, 2022. As a result, borrowers will ...

[ad_1] Bank of Baroda As per the bank’s website, the Baroda Repo Linked Lending Rate (BRLLR) has been increased with effect from August 6, 2022. For retail loans, the BRLLR is 7.95%. The BRLLR is made up of the current RBI repo rate i.e., 5.40% and a mark-up/base spread of 2.55%, according to the bank’s website. [ad_2]

Bank credit grows 14.5% YoY as on July 29, deposits grow 9.1%: RBI data   Bank credit grew 14.5 per cent year-on-year as on July 29, outstripping 14 per cent year-on-year growth as on July 15, latest data released by the Reserve Bank of India showed.   As on July 29, banks’ outstanding loans were at Rs 123.69 trillion, 0.7 ...

Canara Bank FD Interest Rates: Canara Bank hikes FD interest rates: Now earn up to 6% on this tenure Canara Bank has increased the interest rates on term or fixed deposits for amounts below Rs 2 crore after the Reserve Bank of India (RBI) raised the repo rate by 50 bps at the August MPC meeting. According to the Canara ...

Surge in demand, falling liquidity to lead to credit tightening: Report   The drop in banking system liquidity and the concurrent rise in demand for credit may result into tightening of credit in the financial system, a report said on Wednesday.   The liquidity condition is expected to become even more challenging over the coming months, owing to an expected ...

Rs 50,000 cr forex saved by blending ethanol with petrol in 7-8 years: PM   Prime Minister Narendra Modi on Wednesday said the country saved Rs 50,000 crore in foreign exchange by blending ethanol with petrol in the last seven-eight years.   Dedicating the second-generation ethanol plant of India Oil Corporation to the nation here, Modi said that the same ...

RBI cancels Rupee Co-operative’s licence; lender to cease business Sep 22   The Reserve Bank of India (RBI) on Wednesday cancelled the licence of the Rupee Co-operative Bank, saying the Pune-based lender does not have adequate capital, earning prospects and it does not comply with regulations.   Rupee Co-operative will cease to conduct business from September 22. Maharashtra’s Commissioner for ...

Loans for bad credit with no credit check from top financial services in 2022   Anyone can find themselves in a difficult financial situation. On top of that, having a low credit score as a result of a financial crisis may make things even worse. However, you need not fear because some lenders are now offering loans even for bad ...

SBI, Bank of Baroda may look to raise Rs 8,000 cr through bond sale Country’s largest lender State Bank of India may look to raise funds worth Rs 4,000 crore through issuance of tier-II bonds once it completes its planned sale of Rs 7,000 crore worth of additional tier-I (AT-1) bonds at the end of this month, sources said.   ...

BOI Home Loan Interest Rates: Bank of India hikes home loan interest rates The Reserve (RBI) raised the repo rate by 50 basis points to 5.40 percent on Friday during its MPC meeting. Following this, many banks hiked their lending rates with immediate effect, including , , and Bank of India. This indicates that the interest rates on home loans ...