PNB increases MCLR by 0.05 from September 1, making consumer loans costlier; Check new rates
The benchmark one-year tenor MCLR will be at 7.70 % from 7.65 %. It is to be noted that one-year tenor MCLR has been used to price most customer loans such as car, auto and personal loans.
Aug 31, 2022, 19:10 PM IST
Competition will result in banks passing on rate cut to consumers; not RBI interference: Raghuram Rajan
The banking sector struggling with bad loans is not expected to lower interest rates anytime in the near future, as banks have to clean up their balance sheets before lowering the interest rates, said RBI Governor Raghuram Rajan.
Jun 07, 2016, 11:52 AM IST
