Axis Bank hikes MCLR rate by 25 bps, making loans costlier; Check rates here
MCLR is a benchmark rate that helps to decide various loan rates such as car loan, home loan, etc. Now the overnight and one-month MCLR stands at 8.15%, according to the Axis’s bank website.
Oct 18, 2022, 16:01 PM IST
NPA resolution to spur credit expansion, growth: Arvind Panagariya
Resolution of bad loans in the banking system is on 'right track' and will 'open the door' to rapid credit expansion and growth, Niti Aayog Vice Chairman Arvind Panagariya has said.
Aug 13, 2017, 12:35 PM IST
RBI monetary policy review: Repo rate slashed by 0.25% to 6%, lowest since 2010; loans may get cheaper
The cut in the repo rate by RBI will help in lowering interest rate for individual and corporate borrowers. It will thus make home, auto and corporate loans cheaper.
Aug 02, 2017, 16:29 PM IST
RBI Monetary Policy Review: Who said what
Here are the experts' comments on RBI Monetary Policy Review.
Aug 02, 2017, 15:44 PM IST
7th Pay Commission: Evolving momentum of inflation to be determined by implementation of HRA, says RBI
In line with record low retail inflation, the RBI cut policy repo rate by 25 basis points to 6 percent and the reverse repo by similar proportion to 5.75 percent.
Aug 02, 2017, 15:30 PM IST
RBI Monetary Policy Review: Here is the full text
Here is the full text of RBI Monetary Policy Review
Aug 02, 2017, 15:11 PM IST
Home, auto loans cheapest in 6 years as SBI, PNB, ICICI cut lending rates by up to 0.9%, other banks follow
ICICI Bank on Monday reduced benchmark lending rate by 0.7 percent across various maturities.
Jan 02, 2017, 19:04 PM IST
After SBI, PNB, Kotak Mahindra Bank cuts lending rate by up to 0.45%
A day after SBI slashed its rate offering steeply, country's fourth biggest private sector lender Kotak Mahindra Bank on Monday announced a cut of up to 0.45 percent in its lending rates.
Jan 02, 2017, 14:35 PM IST
Demonetisation: Borrowers get additional 90 days to repay loans
In view of cash crunch being faced by borrowers, the RBI on Wednesday provided additional 90 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore.
Dec 28, 2016, 19:52 PM IST
Discussion : Flop Show of RBI after new credit policy
RBI's credit policy has made no changes in EMI and disappointed common people. Watch this special segment and get to know more here.
Dec 08, 2016, 11:52 AM IST
First RBI monetary policy review after demonetisation: Urjit Patel brings no respite to borrowers; keeps interest rates unchanged
Urjit Patel-led 6-member Monetary Policy Committee, which had in its first policy review cut interest rate by 0.25 percent in October, belied expectations to keep benchmark repo rate unchanged at 6.25 percent unanimously.
Dec 07, 2016, 14:18 PM IST
RBI proposes new debt restructuring rules to strengthen lenders’ ability to deal with stressed assets
In order to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track by providing an avenue for reworking the financial structure of entities facing genuine difficulties, the Reserve Bank of India on Monday issued guidelines on a ‘Scheme for Sustainable Structuring of Stressed Assets’.
Jun 13, 2016, 20:32 PM IST
Top 3 corporate defaults can shave off 13% bank capital: RBI
The Financial Stability Report has cautioned banks against loaning to highly leveraged corporates and said that default by just top three borrowers can result in 13 percent losses.
Dec 24, 2015, 20:16 PM IST
Interest rate to be based on marginal cost of funds from Apr 1
To ensure better transmission of its rate cuts to borrowers, RBI on Thursday said all banks will have to follow a new and uniform methodology from April next year to calculate base rate as per the marginal cost of funds.
Dec 17, 2015, 20:10 PM IST
India Inc's foreign borrowing up 67% to $3.16 billion in June
India Inc raised about USD 3.16 billion in overseas borrowing in June, showing a rise of 67 percent over the year-ago month, RBI data showed Monday.
Jul 27, 2015, 19:49 PM IST
RBI for better strategies to deal with problem of bad loans
Reserve Bank on Thursday made a case for developing better strategies to deal with the problem of bad loans as hiding them would aggravate the situation for the banks as well as borrowers.
Jun 11, 2015, 15:08 PM IST
RBI to talk to banks about passing rate cut benefits to customers
The central bank plans to talk with lenders about passing on interest rate cuts through lower lending rates, Reserve Bank of India Deputy Governor S.S. Mundra said on Friday.
Mar 20, 2015, 12:12 PM IST
RBI asks banks to ease norms for individual borrowers
To ensure hassle free credit to small borrowers, the RBI on Wednesday directed banks to do away with the practice of obtaining 'No Due Certificate' from individual loan takers.
Jan 28, 2015, 22:06 PM IST
RBI surprises with 0.25% rate cut; EMIs on home, auto loans to come down
In a pleasant surprise, RBI on Thursday cut its policy rate by 0.25 percent in the first reduction in 20 months and promised more, paving way for cheaper home and auto loans as also lower cost of funds for corporate borrowers.
Jan 15, 2015, 20:23 PM IST
Defaulting large borrowers are like freeloaders: Rajan
Accusing some large borrowers of enjoying "riskless capitalism", RBI Governor Raghuram Rajan on Tuesday said such entities were responsible for making banks' credit profile unhealthy and these big clients were in effect becoming 'freeloaders' in the banking system.
Nov 25, 2014, 19:43 PM IST
