SBI LATEST LENDING RATES
Ujjivan, Arohan, Asirvad lower lending rate from January
Microfinance lenders like Ujjivan Small Finance Bank, Arohan Financial Services, and Asirvad Micro Finance have reduced their lending rates by 75 to 250 basis points in January. This comes in response to RBI's call for fair pricing policies, aiming to protect vulnerable borrowers and ensure transparent lending practices.
Arohan self-imposes a margin cap of 12%, to restrict annual business growth at 25%
Microfinance lender Arohan Financial Services has imposed a 12% margin cap over its cost of funds and limited annual growth to 25%. This move follows RBI lifting a ban on Arohan for excessive interest spreads and overlending issues. Arohan's interest rate has dropped to 22.29%, down from 24.58%, as part of its compliance efforts.
Latest Axis Bank FD interest rates: Get up to 7.75% interest rate on these FDs
Axis Bank has revised the effective date of interest rates on its FDs to January 27, 2025. It offers FD interest rates between 3% and 7.25% for general citizens on tenures between 7 days and 10 years for amounts less than Rs 3 core.
Lending growth outpaces deposit growth yet again
Bank lending outpaces deposit growth in early Q4, pressuring resources and raising deposit rates. Lending is up 11.5% year-on-year as of January 2025, with a slowdown attributed to RBI measures and market concerns. Banks focus on reducing their credit-to-deposit ratio to manage fund costs and profit margins.
Latest SBI MCLR from January 15, 2025: Check current SBI home loan, personal loan, car loan rates
SBI lending rates: State Bank of India (SBI) has announced the latest marginal cost of funds-based lending rates (MCLR) on loans for the period between January 15 and February 15, 2025. The latest MCLR is effective from January 15, 2024
Latest loan interest rates in January 2025: HDFC Bank, Bank of Baroda, PNB, Canara Bank, IDBI Bank
Latest loan rates in January 2025: MCLRs reflect the minimum lending rates and are adjusted based on repo rate changes and marginal cost of funding. For more details, you can visit specific bank websites or branches.
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Latest NSC interest rate 2025: What is the National Savings Certificate interest rate for January-March 2025?
Latest NSC interest rate: National Savings Certificate (NSC) is a government-backed scheme and is considered to be one of the safest investment options that offers a very attractive rate of interest. The main goal of the National Savings Certificate investment is to generate decent returns while also saving tax.
Gold loan interest rates 2025: Check full list of banks' latest interest rates on gold loans
Gold loan interest rates: For gold loans, lenders keep your gold as collateral for the duration of the loan. Lenders charge an interest and once you repay the entire loan, they return your gold jewelery.
Standard Glass Lining Technology IPO Day 3: GMP at 69%. Check Price Band, Review and other details
Standard Glass Lining Technology's IPO, valued at Rs 1,250 crore, closes today after being oversubscribed nearly 35 times by the end of the second day. The price band is set at Rs 133-140 per share. Analysts recommend subscribing due to robust growth prospects and favorable valuations compared to peers. Currently, Standard Glass Lining GMP is robust at Rs 96, which indicates a premium of 69% over the issue price.
HDFC Bank cuts lending rates on these tenures; EMIs of these loans will be lowered
HDFC Bank cuts lending rates: HDFC Bank has cut its marginal cost of funds-based lending rate (MCLR) on select tenures by up to 5 basis points (bps). The revised rates are applicable from January 7, 2025 onwards.
Now it will be difficult to take multiple personal loans due to new RBI norms
The RBI now requires lenders to update their credit records every 15 days instead of monthly, making it harder for borrowers to take multiple personal loans. The move is aimed at improving credit risk assessment and curbing over-borrowing.
Banking sector faces continued headwinds, asset quality pressure expected in H1 2025: Rahul Malani
?However, the tight liquidity conditions plus the new applicable LCR norms plus the retail unsecured growth has been tapered off, so which is resulting in the credit growth slowdown.
Lending and deposits grow a same pace in December 20 fortnight
Bank lending and deposits increased at the same pace by 11.5 percent as of December 20. However, both credit and deposit growth have slowed compared to last year¡¯s figures. Retail loans remained a key contributor to credit growth, while term deposits made up a larger portion of total deposits.
Latest lending rates in December 2024: SBI, HDFC Bank, PNB, Canara Bank, IDBI Bank
Every time the repo rate fluctuates, banks that use the marginal cost-based lending rates (MCLR) system modify their interest rates. The goal of this implementation is to increase transparency of the processes banks use to calculate loan interest rates.
SBI MCLR from December 15, 2024: Check latest SBI MCLR, base rate here
SBI MCLR December 15, 2024: The State Bank of India (SBI) has announced its latest Marginal Cost of Funds-Based Lending Rate (MCLR) for the period December 15, 2024 to January 15, 2025. The revised MCLR, effective from December 15, 2024, will impact interest rates on various loans, including home loans and personal loans.
Rates, more than CRR lifeline, will help sustain rally in PSU banks
Friday's policy support reduces competitive intensity for deposits, but use of internal gauges for loan pricing and a higher proportion of short-duration liabilities give some state-run banks profitability edge through the initial months of a benign-rate cycle.
Higher interest rates on FCNR(B) deposits for NRIs: Check latest NRE FD rates in SBI, HDFC Bank, Axis Bank, PNB
There are different types of NRI accounts, including Non-Resident External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR) accounts. For NRIs looking to invest and retain their foreign currency while simultaneously earning high returns, FCNR (B) accounts can be a great choice.
HDFC Bank hikes MCLR on this tenure; check latest HDFC lending rates
HDFC Bank raised its Marginal Cost of Funds-Based Lending Rate (MCLR) by up to 5 basis points for short-term loans, effective December 7, 2024. The overnight MCLR now stands at 9.20%. Know more about HDFC's lending rate for home loans and other categories in this story.
CRR reduction: A catalyst for credit growth; SBI, HDFC Bank could give 10-15% return
This decision is expected to boost banks' lending capacity, fostering credit growth and aiding economic recovery. However, the repo rate was kept at 6.5%, signaling a balanced approach to controlling inflation. Yet, the muted GDP projections and persistent inflationary pressures could restrain the overall economic recovery.
Loan interest rates November 2024: Latest lending rates of HDFC Bank, SBI, PNB, YES Bank, Bank of Baroda, IDBI Bank
Latest lending rates : The Marginal Cost of the Fund-Based Lending Rate, or the MCLR, is the minimum interest rate a financial institution needs to charge for a specific loan. Institutions like SBI, HDFC Bank, Bank of Baroda, and IDBI Bank have increased their lending rates for certain tenures in November 2024.
Latest SBI home loan interest rates: State Bank of India hikes lending rates for these tenures
SBI lending rates: The State Bank of India (SBI) has announced the latest marginal cost of funds-based lending rates (MCLR) on loans for the period November 15- December 15, 2024. SBI has revised lending rates on these three tenures. The revised MCLR is effective from November 15, 2024.
SBI hikes lending rates under MCLR by 0.05%
India's largest lender, SBI, raised its marginal cost of fund-based lending rate (MCLR) by 0.05% for several tenors, including the one-year MCLR, which now stands at 9%. This is the second such increase recently, attributed to rising deposit costs and concerns about potential impacts on lending rates. SBI Chairman, C.S.
Rate cut or pricier deposits, SBI can protect NIM: Setty
State Bank of India (SBI) Chairman, CS Setty, told analysts that the bank has a 35-basis-point cushion on its lending rate, providing flexibility even if deposit rates increase. Despite potential RBI rate cuts impacting lending rates, Setty believes SBI's margins will remain stable due to a significant portion of loans linked to MCLR and adjustments in pricing for short-term loans.
SBI cuts loan interest rate by 25 bps on this short-term tenure; check latest State Bank of India lending rates
Latest SBI loan interest rates:SBI has decreased the interest rate of one MCLR duration by 25 basis points (bps), while keeping the other rates the same. The latest MCLR will come into force from October 15, 2024.
Loan interest rates October 2024: Check latest lending rates of HDFC Bank, SBI, PNB, YES Bank, Bank of Baroda, IDBI Bank
Latest loan interest rates of top banks: The minimum interest rate that a financial institution can charge for a specific loan is known as the Marginal Cost of the Fund-Based Lending Rate, or the MCLR. This rate sets the lowest limit for the interest rate on a loan. Let's review the present lending rates for loans provided by major banks such as SBI, HDFC Bank, Punjab National Bank, YES bank, Bank of Baroda, and IDBI Bank.
HDFC Bank hikes loan interest rates by 5 bps on these two tenures
Latest HDFC Bank loan interest rates: The Marginal Cost of the Fund-Based Lending Rate (MCLR) represents the lowest interest rate that a financial institution must impose on a specific loan. Following the update, HDFC Bank's MCLR interest rates will vary from 9.10% to 9.45%. These rates will be effective from October 7, 2024.
Loan rates September 2024: Check latest lending rates for HDFC Bank, SBI, PNB, YES bank, Bank of Baroda, IDBI Bank
Many lenders have recently adjusted their marginal cost of lending rates (MCLR). The Reserve Bank of India (RBI) maintained the repo rate at 6.50 per cent at the most recent monetary policy meeting. Under the marginal cost-based lending rates (MCLR) system, banks adjust their interest rates as soon as the repo rate fluctuates.
HDFC Bank hikes loan rate on this tenure by 5bps: Check latest lending rates for September 2024
HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR) on one tenure, according to its official website on September 7, 2024. HDFC Bank MCLR interest rates will now range between 9.10% and 9.45%.
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