ArticleField.comInternet's Fastest Growing Free Content Article DirectoryCustomers with floating rate of home loans have started facing the heat as the interest on home loans goes up by 50-75 basis points. Most banks have informed their customers about revision in the interest rates. Interest rate on home loans is now at minimum 10 %, with most banks increasing rates. Most banks are […]
State Bank of India (SBI) has increased its lending rates by 75 basis points (bps), making its housing, auto and other loans costlier for both new and existing borrowers. Bank’s base rate will then stand at 9.25% and benchmark prime lending rate (BPLR) by 75 bps as well which would mean that existing borrowers will […]
HDFC Bank is the last bank to finally raise lending and fixed deposit. The central bank increased 50-basis points (100 basis points (bps) = 1%) increase in policy rates on 3rd May. This means that all retails loans (car loans, consumer and personal loans) and corporate loans have become expensive but the good news is […]
The Reserve Bank’s draft paper favouring deregulation of the interest rate on savings bank accounts has suggestd a cautious reaction from lenders who said the proposal would increase cost of operations. While the RBI argued that the freeing of savings deposit rate would increase opposition and innovation and benefit depositors, bankers said it could lead […]
Private sector banking major HDFC Bank on Wednesday raised lending and fixed deposit rates and in the process completed the latest round of rate hikes by the three leading banks in the country. Following a 50-basis points (100 basis points = 1%) slog in policy rates by RBI on May 3, ICICI Bank and SBI […]
