Photo: Corporate Finance Institute
Banks Increase Lending Rates Making Loans Costlier
Banks including private and government-run, like HDFC, ICICI, Punjab National Bank to name a few, have increased their lending rates, making loans costlier. ICICI bank has increased its lending rate by 0.30% or 30 basis points and Punjab National Bank has increased its lending rate by 0.15% or 15 basis point. Meanwhile, HDFC increased its retail prime lending rate by 0.05% or 5 basis points.
Tags: Finance, Banking, business, Lending Rate, ICICI
Courtesy: ANI
Photo: Economic Times
SBI Increases Lending Rate By 0.1% Across All Tenures
State Bank of India (SBI), being the country's largest money lender has increased its marginal cost of funds based lending rate (MCLR), on April 19. The rate has been increased by 10 basis points (bps), or simply 0.1% across all tenures. Eventually, it is believed that all lenders are likely to follow the revised lending rate, in the days to come. With this, the EMIs will now cost more.
Tags: SBI, Money Lending, LOAN, MCLR, Lending Rate
Courtesy: Press Trust Of India
