Raghuram Rajan nudges banks to cut lending rates

Last Updated: Thursday, August 20, 2015, 23:01

RBI Governor Raghuram Rajan Thursday said there is a need for banks to cut their lending rates anticipating the benefits which will be accruing from the central bank's rate cuts.

There's scope for further cuts in lending rates: HDFC Bank

Last Updated: Thursday, July 30, 2015, 19:37

Country's second largest private lender HDFC Bank on Thursday said there is a scope for further cuts in the lending rates as loan growth is trailing deposit growth.

Federal Bank slashes base rate by 0.25% to 9.95%

Last Updated: Monday, June 8, 2015, 18:16

Federal Bank Monday cut the base rate, or the minimum lending rate, by 0.25 percent to 9.95 percent.

Companies look at banks for funds as bonds become expensive

Last Updated: Sunday, May 10, 2015, 14:14

Bonds rates are expected to firm up further in anticipation that the US Federal Reserve will raise rates.

ICICI Bank raises fixed deposits rates by up to 0.75%

Last Updated: Wednesday, August 21, 2013, 17:28

The private sector bank has raised interest rate on term deposits with 46-60 day maturity by 0.75 percent to 7 percent. For 61-289 days as well, the increase is by similar percentage points to 7.75 percent.

Kotak Mahindra Bank raises benchmark lending rate by 0.25%

Last Updated: Monday, August 12, 2013, 22:12

Kotak Mahindra Bank Monday raised benchmark lending rate by 0.25 percent to 10 percent making costlier the home, auto, corporate and other loans linked with base rate or the minimum lending rate.

IDBI Bank says margins remain under pressure

Last Updated: Sunday, March 31, 2013, 13:47

"The cost of funds has not come down during the current quarter as the deposit mobilisation is slack. This may affect our net interest margin (NIM)," Executive Director R K Bansal said here.

HDFC Bank cuts lending rates by 0.1% effective Mar 30

Last Updated: Thursday, March 28, 2013, 17:54

The base rate, or the minimum lending rate, of the country's second largest private sector bank will become 9.6 percent from the existing 9.7 percent, sources said.

Bankers say lending rates to remain high in near term

Last Updated: Sunday, March 24, 2013, 15:45

The stance comes even after the Reserve Bank delivered two successive rate cuts of a cumulative 0.50 percent this year.

Andhra Bank cuts minimum lending rate by 0.25%

Last Updated: Tuesday, February 26, 2013, 18:33

State-owned Andhra Bank Tuesday reduced its benchmark lending rates by 0.25 percent to 10.25 percent, making home, auto and corporate loans cheaper for borrowers.

HDFC, BoM, Vijaya Bank cut lending rate by up to 0.25%

Last Updated: Tuesday, February 5, 2013, 23:11

HDFC reduced benchmark lending rate by 0.1 percent.

Indian Bank, OBC, Citi cut lending rates by up to 0.3%

Last Updated: Monday, February 4, 2013, 22:06

"This is to inform that the bank has reduced base rate from 10.40 percent to 10.25 percent effective from February 25, 2013," OBC said in a statement.