OVERNIGHT BORROWING COSTS
Latest 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 ISTMuthoot Microfin raises $38 million in ECB on higher investor interest Muthoot Microfin has raised $38 million in external commercial borrowing from Union Bank of India (DIFC branch), Bank of Bahrain and Kuwait, Bank of India (DIFC branch, Dubai), Mega International Commercial Bank Co (Labuan Branch).
13 Jun, 2024, 12.00 AM ISTLiquidity deficit surges to four-month high The shortfall of funds has pushed up the weighted average call rate (WACR), which represents banks' overnight cost of borrowing and functions as a determinant of other borrowing costs in the economy too. On Wednesday, the WACR closed at 6.75%, the s...
23 May, 2024, 06.10 AM IST- ADVERTISEMENT
HDFC Bank home loan, car loan, personal loan borrowers, check HDFC Bank latest lending rates here The Marginal Cost of the Fund-Based Lending Rate or the MCLR is the minimum interest rate that a financial institution needs to charge for a specific loan. Check latest MCLR, base rate, benchmark PLR offered by HDFC Bank.
07 May, 2024, 01.37 PM ISTMuthoot Microfin secures $75 million external commercial borrowing for diversified funding The loan is raised for three years and three months tenure and benchmarked to a three-month term SOFR (Secured Overnight Financing Rate) with a margin of 2.85%. The cost comes to 9.58% a year, lower than lender's incremental cost of 10.41% for the p...
28 Mar, 2024, 06.23 PM ISTBank of Japan hikes main interest rate for first time in 17 years "The Bank will encourage the uncollateralised overnight call rate to remain at around 0 to 0.1 percent," the Bank of Japan said in a statement.
19 Mar, 2024, 09.24 AM ISTSBI, Kotak Mahindra Bank latest MCLR, base rates: SBI loan borrowers, Kotak customers must know State Bank of India (SBI) and Kotak Mahindra Bank MCLR: Public sector bank SBI and private sector lender Kotak Mahindra Bank has revised their marginal cost of lending rates (MCLR). The revised base rate of SBI stands at 10.25%. Read here to know th...
16 Mar, 2024, 04.28 PM ISTHome loan EMIs may fall 3.5% this year despite RBI MPC holding repo rate RBI MPC announcements today: A 0.5% drop in your home loan interest rate can save you Rs 3.83 lakh if the interest rate on your Rs 50-lakh loan for 20 years comes down from 9% to 8.5%. This will give much needed relief to old home loan borrowers who...
09 Feb, 2024, 03.13 PM 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 ISTRBI MPC Meet: Interest rates expected to hold steady, possible shift to neutral stance amid tight liquidity conditions RBI MPC Meet: The 12 respondents unanimously predicted that the Monetary Policy Committee (MPC) would keep the repo rate unchanged at 6.50% at the end of its February 8 meeting. They said the panel will maintain the status quo on rates for the sixth...
05 Feb, 2024, 06.31 AM ISTBorrowing costs ease sharply in banking system On Friday, the weighted average rate on tri-party repos closed at 6.32%, almost 20 basis points lower than the RBI's repo rate of 6.5%, Clearing Corporation of India (CCIL) data showed. In theory, overnight rates are supposed to be closely aligned w...
03 Feb, 2024, 08.03 AM ISTCurrent high margin, high NIM business can’t last; banks will need to learn to do things in a lean way: KV Kamath KV Kamath emphasizes the need for correction in NIMs and a reduction in the cost-income ratio for banks to remain competitive and benefit borrowers. He believes that the financial sector will play a crucial role in India's long-term growth story. Tr...
24 Jan, 2024, 01.40 PM ISTFed's inflation puzzle still missing a piece or two U.S. Federal Reserve officials remain hesitant to declare victory in the fight against inflation as price increases have slowed. Data from December showed overall consumer price inflation rising, while underlying inflation fell. Producer prices drop...
23 Jan, 2024, 08.34 AM 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 ISTDollar takes a dive after Fed signals rate cuts next year Both the euro and Japanese yen jumped in response, with the European Central Bank (ECB) preparing to announce its policy decision later on Thursday and the Bank of Japan coming up next week.
14 Dec, 2023, 07.26 AM ISTAs durable liquidity reduces, RBI’s tone suggests tolerance of easing overnight rates The Reserve Bank of India (RBI) may ease overnight money market rates next month, as it tolerates government spending funds as long as durable liquidity reduces, in line with its inflation targeting aim. If government spending picks up in Q4 and sys...
11 Dec, 2023, 06.17 PM ISTET Explainer: What does spike in US funding rates mean for India A repo, which stands for a re-purchase agreement, is in many ways the fundamental building block of money markets the world around. Essentially the transaction involves financial market players like banks borrowing and lending money overnight using ...
06 Dec, 2023, 02.44 PM ISTAsian shares hit 11-month low on Middle East anxiety, surging yields The surge in the 10-year U.S. benchmark yield overnight to 5% has raised borrowing costs around the world. On Friday, the Bank of Japan intervened in the Japanese government bond (JGB) market as the 10-year JGB yield touched a decade high.
20 Oct, 2023, 07.58 AM ISTU.S. weekly jobless claims rise as higher borrowing costs cool demand The number of Americans filing for jobless benefits increased by 13,000 to a seasonally adjusted 242,000 last week, according to the US Labor Department. The rise reflected higher interest rates cooling demand across the economy, and economists had ...
04 May, 2023, 06.35 PM ISTUnion Bank of India hikes home loan, other loan interest rates According to the bank's website, the revised interest rates will be effective between January 11, 2023 and 10th February 2023.
11 Jan, 2023, 04.56 PM IST