Lending

  • Bad weather forces emergency landing of Sharad Pawar's chopper 09-03-2014 09:40 PM

    Mumbai: Union Agriculture Minister Sharad Pawar's helicopter on Sunday made an emergency landing in Beed district because of bad weather, police said. The chopper made emergency landing at 3.11 pm, police said, adding that later the NCP chief left for Parbhani, where he was to attend a political meeting, by...
  • 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....
  • SEBI to ease regulations for securities borrowing, lending 30-05-2013 07:10 PM

    Mumbai: The Securities and Exchange Board of India (SEBI) said on Thursday it would increase the number of stocks that are allowed to be used for borrowing and lending, thus relaxing short-selling rules. SEBI said it would allow stocks that meet several criteria, including average monthly turnover of at least...
  • '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...
  • A micro-lending service empowering rural entrepreneurs this Diwali 13-11-2012 08:06 AM

    Bangalore: A Bangalore-based micro-lending service is bringing cheer to hundreds of small-scale rural entrepreneurs this festive season. Preethi Prabhu, an art gallery owner in Bangalore is celebrating her Diwali in a different way this year. While others are bursting fire crackers and partying, Preethi has decided to invest a small...
  • 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....
  • Oppn demands Vilasrao's sacking after SC rap 15-12-2010 01:30 PM

    Mumbai: The Opposition parties are demanding the resignation of Union Minister of Heavy Industries and Public Enterprises and former Maharashtra chief minister Vilasrao Deshmukh after he was pulled up for abusing his position as the CM to shield a Congress MLA and his family. On Tuesday, the Bharatiya Janata Party...
  • 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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