India’s largest public sector lender State Bank of India (SBI) on Tuesday fixed its benchmark lending rate at 7.5 percent, a move raising expectation that private banks and other lenders are also likely to peg their base rate closer to that of SBI to stay competitive in the corporate loan market. The new SBI rate [...]
Tags: Benchmark Lending, BPLR, ICICI, lending rate, loan market, private banks, raising, Reserve Bank, SBI, State Bank
Posted July 14, 2010 by ][-NooM-][ under Benchmark Lending
Following Reserve Bank of India’s guideline, several banks, on Tuesday, announced base lending rates that will be effective from July 1, 2010. State Bnk of India (SBI) fixed its base rate at 7.5 per cent, while Punjab National Bank, Union Bank of India and Central Bank of India fixed the minimum lending rate at 8 [...]
Tags: base lending rates, Benchmark Lending, benchmark prime lending, BPLR, Central Bank, Lending rates, personal loans, rate system, Reserve Bank, SBI, several banks
Posted July 1, 2010 by ][-NooM-][ under Benchmark Lending, More Bank
Commercial banks are concerned over the Reserve Bank’s new interest rate system under which lending rates are to be linked to a base rate. They are seeking clarifications in an attempt to de-link home loans from the plan. This is because the expected base rate of around 8.5 to 9.5 per cent could lead to [...]
Tags: bank, Benchmark Lending, benchmark prime lending, BPLR, commercial banks, Home Loan, interest rate system, lending, Reserve Bank, risk premium, system, teaser rates
Posted March 19, 2010 by ][-NooM-][ under Benchmark Lending, More Loans
Come April, the entire credit market could see a marked change. For starters, farm loans will be extended at a bank”s base rate. In addition, the market for short-term loans will shrink. Unlike now, when banks are offering less-than-a-year loans at 6-7 per cent, the lenders will not have the freedom to lend below the [...]
Tags: Bankers, base rate, Benchmark Lending, credit market, ICICI, lending, loans, most banks, National Bank, Reserve Bank, short-term
Posted February 18, 2010 by ][-NooM-][ under Benchmark Lending, More Bank
Introduction of base rate will result in sharp reduction. Bankers are still busy with their calculators trying to work out the proposed base rate that the Reserve Bank of India (RBI) plans to introduce from April but they estimate the benchmark rate will decline to around 9 per cent from 11-15.75 per cent at present. [...]
Tags: Allahabad Bank, Bankers, Benchmark Lending, benchmark rates, BPLR, ICICI, lending rate, percentage point, prime lending, profit margin, rates, Reserve Bank, sharp reduction
Posted February 14, 2010 by ][-NooM-][ under Benchmark Lending, More Bank
The key benchmark indices tumbled after the Reserve Bank of India withdrew emergency liquidity support measures that were implemented in the aftermath of the global financial crisis. The RBI had pumped in massive liquidity in the banking system in the past one year or so to help revive the domestic economy in the aftermath of [...]
Tags: benchmark indices, Benchmark Lending, Financial Crisis, inflation expectation, Market extends, real estate loans, Reserve Bank
Posted November 1, 2009 by ][-NooM-][ under Benchmark Lending, More Financial, More Loans
Every few retail borrowers know that the Reserve Bank of India (RBI) is working towards making the reference lending rate more transparent, which in turn, will make it easier for them to comprehend the interest rate structure. The reference rate, popularly known as benchmark prime lending rate (BPLR), is the one on which banks peg [...]
Tags: Benchmark Lending, benchmark rate, BPLR, interest rates, reference lending, Reserve Bank, retail, State Bank
Posted September 30, 2009 by ][-NooM-][ under Benchmark Lending, More Bank
