PRIME LENDING RATE

  • SBI cuts lending rate by 50 bps, loans get cheaper June 25, 2009

    Mumbai: State Bank of India, the country's largest lender, on Wednesday slashed its benchmark lending rate by half a percentage point to 11.75 per cent that would benefit home, car and corporate loan customers. The Benchmark Prime Lending Rate (BPLR) was revised down by 50 basis points effective June 29,...
  • HDFC cuts home loan rates for existing customers March 24, 2009

    Mumbai: Bringing some relief to millions of its borrowers, HDFC, the country's biggest mortgage lender, on Tuesday cut its lending rates on home loans by 0.5 per cent to 14 per cent effective from Wednesday. With Tuesday's reduction, HDFC's Retail Prime Lending Rate (RPLR) stands reduced at 14 per cent. The...
  • SBI contemplating further cut in lending rates: Bhatt February 2, 2009

    New Delhi: The country's top public sector lender, State Bank of India, today said it is considering further reduction in lending rates. "There is thinking (on these lines)," SBI Chairman O P Bhatt said when asked if there is a possibility of reducing the benchmark prime lending rate (PLR) by...
  • SBI cuts lending rate, plans to raise funds November 6, 2008

    Mumbai: State Bank of India (SBI), India's biggest lender, is cutting its main lending rate by 75 basis points and will raise $1$2 billion this year to help tide over tight liquidity conditions, its chairman O P Bhatt said on Thursday. O P Bhatt said a lack of liquidity was a...
  • SBI hikes interest rates on home, car loans June 30, 2008

    Ghaziabad: Home loans and auto financing from State Bank of India would be dearer as the lender has decided to hike interest rates by 50 basis points on all credit linked to prime lending rates (PLR). Speaking at a function here today, State Bank ChairmancumManaging Director O P Bhatt said the...
  • Fresh rate cut by SBI to make loans cheaper February 21, 2008

    New Delhi: There is good news for borrowers. Home and car loans are set to get cheaper after SBI and three other public sector banks cut interest rates, raising expectations that private banks will now follow suit. State Bank of India, the leader of PSU banks, cut rates by a quarter...
  • HDFC hikes lending rates by 75 bps April 2, 2007

    New Delhi: After ICICI, it was the turn of countrys biggest mortgage firm Housing Development Finance Corp (HDFC) to increase its prime lending rates. HDFC on Monday announced a hike in its key lending rates by 75 basis points to 14.25 per cent. The move follows the CRR hike by RBI...
  • PNBs rate hike wont impact homeloans December 29, 2006

    New Delhi: Following the hike in prime lending rate (PLR) by country's largest lender State Bank of India, Punjab National Bank revised its lending rates from 11.50 per cent per annum to 11.75 per cent per annum. The increased rate will be applicable from January 1, 2007. The bank sources...