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 ...

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

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

However, the Marginal Cost of Funds Based Lending Rate (MCLR) linked loans and new loans could take longer to reflect the change due to the rising cost of funds for banks. Repo rate-linked loans ...

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

Take advantage of effective strategies to reduce home loan interest rates on monthly payments. Explore some simple tips to ...

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