SBI Loans to be Costlier as Bank Hikes Key Lending Rate
State Bank of India (SBI) has announced a 10 basis point (bps) hike in the marginal cost of fund-based lending rate (MCLR) across the tenor....
Category : BANKING
Bank of Maharashtra Jumps on Higher MCLR Rate by 20-30 bps
After the bank announced the higher marginal cost of fund-based lending rates (MCLR) by 20-30 basis points, the Bank of Maharashtra soared at 8.12% to...
AU Small Finance Bank Hikes Rates on Term Deposits and Savings Accounts
AU Small Finance Bank (SFB), India’s largest Small Finance Bank (SFB), has announced an increase in interest rates on term deposits and savings accounts from...
Kotak Mahindra Bank Raises MCLR by 10 Bps
On Wednesday, Kotak Mahindra Bank raised its marginal cost of fund-based lending rate (MCLR) by ten basis points. So, the lender’s one-year MCLR is 8.55%,...
Bank Credit Beats Deposit Growth at Busy Biz Cycle
In India, the Banks are beholding a high credit growth associated with deposits. The credit growth has closely been turned to double the growth in...
Kotak Mahindra Bank Plans to Hire 20 Investment Bankers to Bet on M&A Recovery
The investment banking unit of Kotak Mahindra Bank is planning to expand its business by hiring about 20 bankers, betting that deal activity will rebound...
ICICI Bank, PNB, Bank of India Raise MCLR Home Loan Interest Rate
Three banks, ICICI Bank, Punjab National Bank (PNB) and Bank of India, raised the marginal cost of funds-based lending rate (MCLR) two days before the...
ICICI’s FD Interest Rates Hiked by Up to 20 Bps
ICICI Bank has hiked fixed deposit (FD) interest rates for amounts below Rs 2 crore on first-rate tenors by up to 20 basis points. The...
SBI Cuts Savings Deposit Rate by 5 Bps to 2.7%, BoB Raises FCNR Deposit Rate
State Bank of India (SBI) has cut savings account rates by 5 basis points to 2.7% effective October 15. The new savings rate applies to...
Bandhan Bank Plans to Raise Secured Part of Loan Book to 70% in 3 Years
Bandhan Bank plans to increase the secured proportion of its total loan book to nearly 70% by 2025 from the current 39%, as the bank...