Lending Rate

  • India Inc disappointed by hike in repo rate by RBI 20-09-2013 02:36 PM

    Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital. "High interest rate has been identified as a...
  • SBI increases its minimum rate of lending to 9.80 per cent, makes loans costlier 19-09-2013 11:39 AM

    The country's largest lender, State Bank of India, on Thursday said it increased its base rate, or the minimum rate of lending, to 9.80 per cent, a day ahead of the RBI's policy review. "State Bank of India has revised the base rate by 0.10 per cent from 9.70 per...
  • ICICI Bank raises base rate by 0.25 per cent to 10% 22-08-2013 07:32 PM

    Mumbai: ICICI Bank, the country's largest private sector lender, on Thursday increased its lending rate by 0.25 per cent to 10 per cent with effect from Friday. The bank also effected a similar hike in its prime lending rates, which will be applicable to existing customers who are on the...
  • Economy can be built back to 8 per cent growth rate: Chidambaram 29-07-2013 01:56 PM

    Ahmedabad: Finance Minister P Chidambaram on Monday said the economy can be build back to register the eight per cent growth rate. The remarks came at a time when the economy is growing at around 5 per cent and current account deficit and inflation are the biggest worries of the...
  • If RBI can't cut CRR, let them pay us interest on it: SBI 17-06-2013 02:48 AM

    Mumbai: Ahead of the mid-quarter review of monetary policy on Monday, the State Bank of India has said if the apex bank cannot reduce CRR rate, which is a must for lending rate cuts by banks, they should pay interest on cash reserves that banks park with the monetary authority....
  • 'RBI may cut benchmark lending rate by 0.25 pc in May' 21-04-2013 11:30 AM

    New Delhi: The Reserve Bank may cut the benchmark short-term lending rate by about 0.25 per cent in its annual monetary policy in May in the backdrop of declining inflation and the urgency to promote growth, say economists. "Right now conditions should enable the RBI to cut repo rate. We...
  • State Bank of India rules out lending rate hike 05-10-2011 07:27 PM

    Mumbai: The country's largest lender State Bank of India (SBI) on Wednesday said it was not in favour of hiking lending rates despite the Reserve Bank's 12th consecutive rate increase last month. "We had contemplated that (interest rate hike). Right now indications are that the margins are quite robust and...
  • RBI's mid-quarter policy review: Sept 2011 16-09-2011 01:01 PM

    New Delhi: Since the Reserve Bank's first quarter review of July 26, the global macroeconomic outlook has worsened. There is growing consensus that sluggishness will persist longer than earlier expected. Concerns over the sovereign debt problem in the euro area have added further uncertainty to the prospects of recovery. Domestically,...
  • SBI hikes lending rates, loans to get dearer 10-05-2011 08:23 PM

    Mumbai: Country's largest lender SBI on Tuesday announced a hike in lending rates by 75 basis points (bps), making housing, auto and other loans dearer for both new and existing borrowers. State-owned SBI has increased the base rate, or the minimum lending rate, by 75 bps (0.75 per cent) to...
  • RBI rate hike will not bother you immediately 25-01-2011 04:35 PM

    Mumbai: The Reserve Bank of India on Tuesday raised its key short-term lending and borrowing rates by 0.25 per cent each with immediate effect. The short-term lending (repo) rate has been hiked to 6.50 per cent and the borrowing (reverse repo) to 5.50 per cent. Here is what the hike...
  • SBI, ICICI, HDFC hike interest rates by up to 1pc 01-01-2011 06:56 AM

    Mumbai: SBI and ICICI Bank raised their lending and deposit rates on Friday. While the hike in lending rate would make auto, home and commercial loans expensive, increase in deposit rates will ensure better returns for depositors. HDFC bank is hiking its interest rates by 1 per cent from Saturday....
  • RBI's move will help check inflation: Pranab 16-09-2010 04:39 PM

    New Delhi: Finance Minister Pranab Mukherjee on Thursday said the Reserve Bank's move to raise its short term lending and borrowing rates is in the right direction as inflationary pressures are still there in the economy. "I think it (the RBI move) is in the right direction because now the...
  • Now, ICICI raises lending, deposit rate 17-08-2010 08:53 AM

    MUMBAI: ICICI Bank, India's second-largest lender, said it was raising its lending rates by 50 basis points from Wednesday, in line with the Reserve Bank of India's tightening policy. The private-sector lender said its prime lending rate would be 16.25 per cent and the floating reference rate for consumer loans...
  • SBI raises lending rate, loans to cost more 16-08-2010 01:19 PM

    New Delhi: State Bank of India, the country's largest lender, on Monday raised benchmark lending rate by 50 basis points to 12.25 per cent, making home, vehicle and other corporate loans linked with the rate costlier to existing borrowers. However, for new borrowers the base rate, which became effective from...
  • SBI sets base rate at 7.5 per cent 29-06-2010 04:20 PM

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  • FM seeks easy loans, asks banks to help 10-06-2009 01:37 PM

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  • SBI hikes interest rates on home, car loans 30-06-2008 04:56 PM

    Bangalore: Rest of India captain Cheteshwar Pujara praised the spin duo of Pragyan Ojha and youngster Harmeet Singh, who shared six wickets between them in the second innings of Rajasthan. The two spinners did not get a single wicket in the first innings but played key role in the second...
  • SBI ups lending rate by 0.5 per cent; loans to cost more 26-06-2008 05:06 PM

    Hello and welcome once again to DRS, my very own personal space where we talk matters cricketing. This week has been a bit of an emotional roller-coaster when it comes to the world of cricket. That moment in Chennai when Yuvraj Singh walked out to first field and bowl, and...
  • US Fed Reserve cuts discount rate 17-03-2008 12:53 PM

    New Delhi: West Indies captain Darren Sammy praised his bowlers for bundling out a strong Indian batting line-up for a meagre total, and said they would be looking to set a 350-plus target for the home team in the fourth innings of the ongoing first Test. Sammy said his bowlers'...