MARGINAL COST OF THE FUND BASED LENDING RATE
CASA share likely bottomed out, to edge higher in FY25 Witness a revolutionary shift in CASA ratios as private banks dominate with a 45% ratio in March 2023, outperforming public sector banks at 42% in the CASA deposit landscape. Stay informed on the latest developments shaping the banking sector dynami...
02 Jul, 2024, 11.09 AM ISTTight liquidity forces banks to tap debt markets, shell out more "To a certain extent, the year-on-year rise in the bank borrowing numbers is a reflection of the merger between HDFC and HDFC Bank. But apart from that, it is clearly a reflection of the tightness in the liquidity and that was, to a certain extent, ...
01 Jul, 2024, 12.45 AM ISTRates on fresh loans and deposit moderate sequentially in May In May 2024, the Reserve Bank of India reported a marginal decline in weighted average lending rates on fresh loans and deposits by 16 and one basis points, respectively. The WALR on fresh rupee loans fell to 9.39%, while the WADTDR on fresh term de...
28 Jun, 2024, 08.29 PM IST- ADVERTISEMENT
Ujjivan SFB adjusts loan growth guidance amid microfinance stress I think these are things that we have to monitor very carefully and hopefully once the budget is out and announced and the revenues trickle into the economy, I think we will see some benefits from that. So, all in all, we are looking at a better sec...
27 Jun, 2024, 10.41 AM ISTBanking return on assets to dip 10-20 bps: Crisil Return on assets (RoA) of banks, after hitting a 20-year high in the previous year, is forecasted to ease to 1.1-1.2% in the current fiscal year, according to Crisil Ratings. The moderation is attributed to higher deposit costs impacting net interes...
20 Jun, 2024, 03.37 PM ISTLoan interest rates in June 2024: These 6 banks have revised loan interest rates in June 2024 Latest loan interest rates: Banks regularly, usually on a monthly basis, assess their marginal cost of lending rates (MCLR) to account for variations in their financing costs and other pertinent aspects. Here are the top banks and their lending rate...
15 Jun, 2024, 04.05 PM ISTLatest SBI loan interest rates June 2024: State Bank of India hikes interest rates on these loans SBI loan interest rates June 2024: The State Bank of India (SBI) has hiked the marginal cost of funds-based lending rate (MCLR) on select tenures by 10 basis points (bps), making most consumer loans costlier for borrowers.
15 Jun, 2024, 11.23 AM ISTIT stocks plunge up to 5% on Monday after 8% rally last week. Know how experts view sector! Nifty IT index fell 2.3% with Coforge and Persistent Systems as top losers, despite Nifty hitting a lifetime high. IT sector has seen recent positive returns but remains a laggard over the quarter.
10 Jun, 2024, 02.36 PM ISTLending startup Fibe closes $90 million financing in mix of primary and secondary transaction Pune-based consumer lending startup Fibe is raining money at a time when fintech lending startups focusing on unsecured consumer lending are finding it difficult to raise fresh equity funding due to RBI's scanner.
06 Jun, 2024, 12.23 PM ISTNBFCs' funding costs to rise as banks cut back The cost of funds for non-banks in Mumbai may rise by 200 to 300 basis points as banks reduce funding. Recent data shows a drop in bank funds to non-banks. RBI's actions have impacted bank loans to non-banking financial companies, leading to potenti...
06 Jun, 2024, 07.21 AM ISTIIFL Samasta aims to raise Rs 1000 crore in bonds, to pay 9.2-10.5% "We are raising public bonds to fulfill credit requirements of underserved and unserved customers across the 417 districts we operate in the country, as the large part of the country gets into monsoon season, credit requirements for agriculture, agr...
30 May, 2024, 06.03 AM ISTFor fleet operators, revenue growth to double to 9-11% in FY25: Report CRISIL Ratings predicts that road transport fleet operators' revenue growth will double to 9-11 per cent this fiscal, driven by better domestic demand and tepid exports. Operating margins are expected to improve 75-100 basis points due to better fle...
23 May, 2024, 04.11 PM ISTShould you add or buy defence stocks afresh? What to do with bank stocks? Deven Choksey answers Deven Choksey discusses the potential tariff hike in the telecom sector and the strategies of Jio and Vodafone Idea. He emphasizes the importance of data consumption and the need for investments in infrastructure for companies to stay competitive in...
21 May, 2024, 11.07 AM ISTLatest loan interest rates of top 7 banks20 May, 2024, 03.16 PM IST Loan interest rates of top banks in May 2024: SBI, HDFC Bank, Bank of Baroda, Canara Bank, PNB The repo rate and other loan-related rates will be taken into account when revising the MCLR on a monthly basis. Here is a look at the latest MCLR of the top 7 banks in May 2024.
15 May, 2024, 12.22 PM ISTLending and deposit rates rise across segments in FY'24 The weighted average lending rate (WALR) on fresh rupee loans of the commercial banks stood at 9.37 per cent in March 2024 (9.36 per cent in February 2024). It rose 13 basis points or bps (one basis point is 0.01 percent) over the last one year. Exc...
30 Apr, 2024, 08.32 PM ISTBank loan interest rates in April 2024 compared: SBI, HDFC Bank, ICICI Bank, IDBI Bank, Yes Bank, PNB, Bank of Baroda Latest bank loan interest rates: In April so far, some banks have revised their loan interest rates, while others banks have kept their marginal cost-based lending rates (MCLR) unchanged. Here is a look at the MCLR of the top 8 banks in April 2024.
16 Apr, 2024, 10.45 AM ISTHDFC Bank increases interest rates on loan by up to 10 bps: Check details HDFC Bank’s MCLR ranges between 8.90 per cent and 9.35 per cent. The new rates are effective from February 8, 2023, according to the HDFC Bank website.
07 Feb, 2024, 12.01 PM ISTList of 8 banks that have revised home loan, other loan interest rates in January 2024 In January 2024, some banks revised their marginal cost-based lending rates (MCLR). Here’s the latest MCLR of the above-mentioned banks.
15 Jan, 2024, 03.28 PM ISTHDFC Bank hikes loan interest rates by up to 10 bps: Check how much rates have been hiked in one year HDFC Bank has increased the benchmark marginal cost of funds-based lending rates (MCLR) of loans by up to 10 basis points on select tenures.
08 Jan, 2024, 01.42 PM IST