HDFC hiked interest rates on floating rate home loans by 25 basis points in a move that will make loans costlier for both existing and new borrowers. In addition, a clutch of banks, including Bank of India, Oriental Bank of Commerce, Indian Overseas Bank and Dena Bank all hiked lending rates. On Monday, Punjab National [...]
Tags: Allahabad Bank, base rates, Benchmark Lending, benchmark prime lending rates, BPLR, Central Bank, Floating loan, HDFC, HDFC hike, ICICI Bank, Indian Bank, interest rates, IOB, lending rate, loans, SBI
Posted February 10, 2011 by ][-NooM-][ under Benchmark Lending, More Loans
Kolkata-based Allahabad Bank hiked its base rate by 0.5% to 9.5% and BPLR by 0.25% to 13.5% respectively Two state-run lenders, Allahabad Bank and Punjab & Sind Bank on Monday hiked their lending rates by up to half a percentage point, becoming the first banks to up their rates after the Reserve Bank of India [...]
Tags: Allahabad Bank, base rates, Benchmark Lending, benchmark prime lending rate, borrowing rates, BPLR, interest rates, Lending rates, Punjab, RBI, Reserve Bank, short-term, Sind Bank
Posted February 7, 2011 by ][-NooM-][ under Benchmark Lending, More Bank
Home prices in some of China’s major cities, such as Beijing, have more than doubled over the past two years due to easy credit and low lending rates. Authorities of Chongqing and Shanghai municipalities announced Friday they would kick off the long-awaited trial property taxation, starting from Jan. 28, amid the latest measures to cool [...]
Tags: Beijing, Benchmark Lending, benchmark lending rates, Home Buyers, housing price, Lending rates, property tax, real estate market, residents, Shanghai, taxes
Posted January 28, 2011 by ][-NooM-][ under Benchmark Lending, More Property
The Bank of Japan (BOJ) on Tuesday decided by unanimous vote to keep its benchmark lending rate unchanged at between 0.0 and 0.1 percent as the central bank continues to tackle the nation’s lingering deflation. The central bank also raised its economic growth forecast for fiscal 2010 to 3.3 percent, following a two-day policy board [...]
Tags: Benchmark Lending, benchmark lending rate, BOJ, Central Bank, cheap credit, economic growth, growth forecast, lending rate, U.S. dollars, unchanged
Posted January 28, 2011 by ][-NooM-][ under Benchmark Lending, More Bank
The yuan strengthened beyond 6.6 per dollar for the first time in 17 years, bringing gains for 2010 to 3.6 percent, on speculation China will allow the currency to advance in an effort to tame inflation. The benchmark money-market rate reached a three-year high after the central bank drained cash from the banking system to [...]
Tags: account surplus, Action Economics, banking system, Benchmark Lending, benchmark money, Boost Lending, Central Bank, curbing inflation, deposit rates, funds, market rate, US Dollar, Yuan Advances Beyond
Posted January 3, 2011 by ][-NooM-][ under Benchmark Lending
The People’s Bank of China said it would raise the one-year benchmark lending rate by 25 basis points to 5.81 percent, and the benchmark deposit rate by the same amount to 2.75 percent. The Chinese economy has been awash in liquidity due to government stimulus money and generous lending by state banks. Chinese officials are [...]
Tags: benchmark deposit, Benchmark Lending, China raises, Cool Inflation, deposit rate, generous lending, interest rates, lending rate, manufacturing centers, Rising property, stimulus money
Posted December 26, 2010 by ][-NooM-][ under Benchmark Lending
Turkey’s largest banks are lining up to sell their securities denominated in pounds before after regulators removed the ban to protect the investor demand for government debt. Turkiye Is Bankasi AS and Turkiye Garanti Bankasi, the two largest listed lender in Turkey, the plan to give the local bond market as the central bank reduces [...]
Tags: bank lending, Benchmark Lending, Central Bank, Debt Curbs, deficit currents, interest rates, investment grade, largest banks, lending rate, Mortgages Lag, retail bank, US Dollar
Posted December 17, 2010 by ][-NooM-][ under Benchmark Lending, More Bank
