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
In line with market trends, IDBI Bank today announced an increase in deposit rates and lending to a maximum of 100 basis points. Although the interest rates on deposits of different maturities will be increased from 25 to 100 basis points, the lending bank could also become expensive, with the lender has increased the interest [...]
Tags: benchmark prime lending rate, BPLR, deposit rates, ICICI Bank, IDBI Bank, interest rates, Lending rates, loan rates, Reserve Bank
Posted December 17, 2010 by ][-NooM-][ under Benchmark Lending
India, the biggest mortgage players – HDFC pure play on Wednesday decided not to extend the teaser rates or lending of money at home. To borrow a couple of them, which was extended four times since its launch in December 2009 from today The project is expected on November 30 and we decided not to [...]
Tags: Benchmark Lending, fixed, HDFC, ICICI Bank, interest rate, Loans up, marketing, mortgage players, Reserve Bank, SBI project
Posted December 2, 2010 by ][-NooM-][ under Benchmark Lending
The Reserve Bank of India may not be comfortable with it, but the country’s largest home loan providers believe that teaser rates are here to stay. “Going by the industry trend, it is for sure that teaser rates are going to stay here permanently,” HDFC chairman Deepak Parekh said on the sidelines of the 37th [...]
Tags: banking financial, base rate, benchmark prime lending rate, financial inclusion, HDFC, home loans, interest rates, Reserve Bank, SBI, State Bank
Posted November 2, 2010 by ][-NooM-][ under Benchmark Lending, More Bank
Lending rates have started rising after more than two years. Five banks have increased their benchmark lending rate or the base rate even as the country’s largest lender, State Bank of India (SBI), decided to maintain status quo. All corporate and retail loan rates linked to the base rate will now go up. Among government-owned [...]
Tags: Allahabad Bank, base rate, Benchmark Lending, benchmark prime lending, deposit rates, Financial, foreign lender, IDBI Bank, lenders, Lending rates, loan rates, National Bank, raised rates, Reserve Bank, SBI, short-term
Posted October 4, 2010 by ][-NooM-][ under Benchmark Lending, More Bank
After banks, it is the turn of non-banking finance companies (NBFCs) to hike lending rates on the back of the Reserve Bank of India’s (RBI) rate hike spree to contain inflation. NBFCs borrowing costs are also increasing. “Rate hikes by non-banking finance companies (NBFCs) are inevitable. Since NBFCs borrow from banks, they will also raise [...]
Tags: banking, base rates, Benchmark Lending, benchmark prime lending, Finance, financial services, Lending rates, NBFCs, rate hike, RBI, Reserve Bank, rise
Posted September 22, 2010 by ][-NooM-][ under Benchmark Lending, More Bank
Public sector lender Bank of Baroda today hiked its benchmark prime lending rate (PLR) by 50 basis points to 12.50 per cent. The hike takes the bank’s PLR from the existing 12 per cent to 12.50 per cent, the bank informed the Bombay Stock Exchange (BSE). The hike is with effect from today, the bank [...]
Tags: Benchmark Lending, benchmark prime lending rate, BoB, hikes, ICICI Bank, IDBI Bank, lender Bank, lending rate, PLR, Reserve Bank, short-term, Stock Exchange, Union Bank
Posted August 7, 2010 by ][-NooM-][ under Benchmark Lending, More Bank
