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Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Will RBI repo rate cut benefits be passed on to you by banks?

Banks reduced their weighted average lending rates on fresh rupee loans by 0.29 pc amid the current easing stage so far.

8 Aug 2019 7:13 AM GMT

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Home, auto loan EMIs to go up as SBI, PNB hike lending rates

SBI raised its one year MCLR (marginal cost of fund-based lending rate) by 20 basis points to 8.15 per cent.

2 March 2018 5:42 AM GMT

Bank of India has cut MCLR rates by 0.05-0.10 per cent for various tenors from September 10. Photo: PTI

Bank of India hikes lending rate based on MCLR by 0.10 per cent

The bank has increased MCLR rates by 10 bps for various tenors, it said in a statement.

8 Jun 2018 8:04 AM GMT

Customers outside the Bank of Baroda branch at Juinagar, which did not have any CCTV.

Bank of Baroda reviews lending rates

The Bank's 1-year MCLR will be 8.45 per cent, which is competitive as per the current market scenario.

6 Jun 2018 4:34 AM GMT

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Saving deposit rate cuts to lead to lower lending rates: report

A cut in the MCLR beyond 0.35 per cent would become a margin dilutive proposition.

13 Aug 2017 6:28 AM GMT

Representational image.

United Bank of India cuts lending rate by 0.90 pc

Bank said that rate for 1-year tenure has been reduced by 0.60 per cent to 8.8 per cent.

5 Jan 2017 6:08 AM GMT

RBI Governor Urjit Patel. (Photo: PTI)

Urjit Patel says still more scope for banks to cut lending rates

Lack of transmission has been one of the dominant worries expressed by RBI during the past two years

6 April 2017 2:20 PM GMT

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI may ease rates, hinting banks to cut lending rates: BofAML

RBI rate cuts will likely endanger the much-needed bank lending rate cut before the busy industrial season sets in...

9 Jun 2017 11:26 AM GMT