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SBI increases base rate to 9.80%, makes loans costlier

SBI is the first major state-run bank to hike lending rates after short-term rates rose as a result of the Reserve Bank of India's liquidity tightening moves announced in July.The country's largest lender, State Bank of India, on Thursday said it increased its base rate, or the minimum rate of lending, to 9.80 %, a day ahead of the RBI's policy review."State Bank of India has revised the base rate...
Source : DNA |
Category : Others | City : Mumbai

SBI hikes interest rates ahead of RBI policy review

State Bank of India (SBI) Thursday hiked deposit and lending rates, a day ahead of the monetary policy announcement by the central bank....
Source : Webindia123 |
Category : Headlines

After RBI governor's surprise move, home loans to cost more

Home and car loan interest rates are set to go up after the Reserve Bank of India today surprised one and all by increasing the repo rate.The country's largerst lender State Bank of India's chairman Pratip Chaudhuri said deposit rates and lending rates will go up post the RBI policy.The repo rate is the rate at which RBI lends short-term money to banks, and it directly influences the interest rate...
Source : Ndtv |
Category : Others

RBI policy: Banking stocks rise after surprise move

Wednesday shored up banking stocks on the Bombay Stock Exchange (BSE). Stocks of Union Bank of India, Allahabad Bank, Oriental Bank of Commerce, Canara Bank, Union Bank of India, Bank of India, Syndicate Bank, Corporation Bank and State Bank of India rose up to 5 per cent after the RBI decided to keep key policy rates unchanged.The repo rate remains unchanged at 7.75 per cent and the marginal standing...
Source : Business Today |
Category : Business | City : New Delhi

Home loan rates likely to rise

rates of some banks, including State Bank of India (SBI), which charges only 8 per cent for the first year may rise, as Reserve Bank of India (RBI) has not allowed banks to lend below the base rate. While SBI indicated that its base rate is likely to be around 8 per cent, for others banks the rate will be 8.25-8.5 per cent. SBI will announce its base rate before June 15.In a meeting held last week,...
Source : Sify |
Category : Business

Bank of India says no hike in base rate for now

: After India's largest lender, State Bank of India, and second largest private sector bank, HDFC Bank, raised their minimum lending rates, or base rates, public sector lender Bank of India has ruled out following its peers for now."As of now I don't feel the need to increase the base rate," Bank of India chairperson and managing director Vijayalakshmi Iyer told reporters in Mumbai on Wednesday.She,...
Source : Ndtv |
Category : Others | City : Mumbai

There could be interest rate reversal next year: State Bank of India chairman Arundhati Bhattacharya

could be interest rate reversal next year: State Bank of India chairman Arundhati BhattacharyaThere could be interest rate reversal next year: State Bank of India chairman Arundhati BhattacharyaJust three months into her new job as chairman of State Bank of India, the country's largest bank, Arundhati Bhattacharya, 57, has her hands full. The tasks are enormous -- fixing the issue of rising non-performing...
Source : DNA |
Category : Headlines | City : Mumbai

Why no rate hike, RBI asks banks

Reserve Bank of India has asked banks why they have not raised interest rates despite the central bank hiking policy rates twice since September...
Source : Times Of India |
Category : Business

SBI increases base rate by 20 bps

State Bank of India have increased their minimum lending rate by 20 basis points to 10 percent.Quotes...
Source : Yahoo Finance |
Category : Personal Finance

RBI policy impact: Loans may get costlier, says SBI CMD

an interview with ET Now, Pratip Chaudhuri, CMD, State Bank of India, said the loans will get costlier due to RBI’s recent repo rate hike.Quotes...
Source : Yahoo Finance |
Category : Personal Finance
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