SBI reduces its MCLR, housing loan rates from April 10
Mumbai , Apr 9 : Taking a cue from recent policy measures announced by the Reserve Bank of India (RBI), the State Bank of India (SBI) on Tuesday, reduced its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 bps across all tenors, resulting in MCLR coming down from 8.55 percent per annum to 8.50 percent per annum. Full Story
RBI cuts repo rate by 25 basis points to 6 pc
Mumbai : , Apr 4 : The Reserve Bank of India (RBI) on Thursday cut repo rate for the second consecutive time this year to 6 per cent from the current 6.25 per cent, a move that will cheer industry leaders over relief from high borrowing costs a week before the first phase of general elections. Full Story
RBI meeting on lending rate from April 2 to 4
Mumbai : , Apr 1 : The six-member Monetary Policy Committee (MPC) headed by Reserve Bank of India Governor Shaktikanta Das will begin its three-day meeting from Tuesday as industry leaders demand that lending rate is cut by another 25 basis points to stimulate growth. Full Story
Bandhan Bank to focus on affordable housing
Kolkata, March 28 : After the completion of the proposed merger of Gruh Finance into the lender, Bandhan Bank is looking to give a big push to affordable housing sector and has plans to further dilute the promoter's holding in it to 40 per cent, an official said on Thursday.
Allahabad Bank to raise Rs 500-600 cr next fiscal
Kolkata, March 15 : State-run Allahabad Bank is looking to raise around Rs 500-600 crore capital in the next fiscal through dilution in stake of its joint venture insurance company and also by selling non-core assets, an official said on Friday.