The country's largest private bank HDFC Bank has announced a cut in its Marginal Cost of Funds-based Lending Rate (MCLR). The ...

HDFC Bank has revised its Marginal Cost of Funds-based Lending Rate (MCLR). The bank has reduced the 2-year MCLR by 5 basis ...

MCLR, or Marginal Cost of Funds-Based Lending Rate, is the minimum interest rate below which banks cannot lend. Introduced by ...

Banks give out loans to industry based on a benchmark called marginal cost of funds or MCLR, which is an internal metric that is linked to their deposit rates. As of September 2024, 37% of all ...

A repo rate cut generally lowers borrowing costs, making loans more affordable. However, borrowers often do not see an ...

HDFC Bank has decreased its Marginal Cost of Funds-based Lending rate (MCLR) on one loan tenure by 5 basis points (bps).

Marginal Cost of Funds Based Lending Rate (MCLR) to 9.60% from the previous 9.75%, while the Repo Linked Lending Rate (RLLR) ...

This means that there will be a tendency for interest rates to come down even further over time. The repo rate was reduced by ...

New Delhi: Days after the Reserve Bank of India (RBI) reduced the key interest rates, public sector bank Punjab National Bank ...

Shares of non-banking finance companies (NBFCs) rose sharply on Thursday after the Reserve Bank of India (RBI) eased banks' ...