Loan Finance
Home » Blog

Blog

Banks Start Raising Lending Rates After Rbi’s 50bps Hike

Banks Start Raising Lending Rates After Rbi’s 50bps Hike [ad_1] (This story originally appeared in on Aug 08, 2022) Mumbai: Banks have started hiking their lending rates after the RBI hiked the repo rate by half a percentage point on Friday. The rate at which the RBI lends to banks is called the repo rate. While the transmission to lending ...

Read More »

CoinSwitch launches $10 mn fund to support start-ups, blockchain tech

Photo: Bloomberg

CoinSwitch launches $10 mn fund to support start-ups, blockchain tech Indian crypto company CoinSwitch has launched a $10 million venture capital fund for investments in early-stage start-ups and building blockchain solutions. The Web3 Discovery Fund will curate portfolio start-ups and provide single-window access to investor partners Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund, ...

Read More »

HDFC Bank increases MCLR on loans by up to 10 basis points

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 ...

Read More »