Punjab National Bank increases Repo-Linked Lending Rate to 9.10% due to liquidity tightness, no change in MCLR or Base rate.

In February, the Reserve Bank of Indias rate cut led to banks lowering new deposit rates but not immediately reducing new ...

The Reserve Bank of India (RBI) stated today that the weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 9.40 per cent in February 2025 (9.32 per cent in January 2025). The ...

MCLR, introduced by the RBI in 2016, determines the minimum interest rate banks can lend, replacing the base rate system. It directly affects loan pricing for borrowers and offers insights for ...

The Reserve Bank of India (RBI) initiated the much-expected rate-cut cycle in February. The repo rate was cut from 6.5% to ...

RBI has injected over Rs 5 lakh crore into the banking system since mid-Jan to ensure surplus liquidity and support its rate ...

India's largest public sector SBI has announced its latest marginal cost of funds-based lending rate (MCLR) for March 15 and April 15, 2025 period. Check Detailed Table Below. Trending Photos New ...

New Delhi: In what would have an impact on both home and personal loans, among others, State Bank of India (SBI) has announced its latest MCLR rates. The MCLR rates are effective from tomorrow 15 ...

As of March 2025, several leading banks, including HDFC Bank, Bank of Baroda, Punjab National Bank (PNB), Canara Bank, and IDBI Bank, have revised their marginal cost of funds-based lending rates ...

Since only the 2-year MCLR has been reduced, the impact on longer-tenure loans is minimal. HDFC Bank’s decision to lower the ...