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United Bank of India raises base rate by 35 bps

UBI has raised lending rates by 35 basis points (bps) effective from August 3, lower than what other banks did.have raised base rate by 50 bps following Reserve Bank of India's decision to make repo rate dearer by same extent. UBI said it has increased both the base rate and benchmark prime lending rate by 35 bps each. The bank's new base rate will be 10.60% and BPLR will be 14.85%.Accordingly, all...
Source : The Economic Times | 293 Day(s) Ago
Category : Business | City : Kolkata

ING Vysya Bank ups Base Rate by 25 bps

Private sector lender ING Vysya Bank today announced an increase of 25 bps in its Base Rate, effective from tomorrow. The revised rate will now be 10.45 per cent as compared to the current rate of 10.20 per cent per annum. The Bank also increased its Reference Rate by 25 basis points (bps) to 19 per cent and the Home Loan Reference Rate by 25 bps to 19.50 per cent. It will come into...
Source : Webindia123 | 234 Day(s) Ago
Category : National

Allahabad Bank to hike base rate, BPLR by 25 bps

Public sector Allahabad Bank will raise its Base Rate and Benchmark Prime Lending Rate (BPLR) by 25 basis points (bps) from July 15....
Source : Webindia123 | 313 Day(s) Ago
Category : Headlines | City : Allahabad

IDBI Bank reduces interest rates on home loans by up to 75 bps

State-run IDBI Bank has announced the reduction of floating home loan rates by up to 75 per cent."IDBI Bank has decided to reduce its floating home loan rates on new loans, across loan slabs up to a maximum of 75 basis points (bps)," it said in a statement yesterday.While the floating interest rates on loans up to Rs 25 lakh have been reduced by 25 bps, the extent of reduction is 50 bps on loans ranging...
Source : Newkerala | 51 Day(s) Ago
Category : Sports | City : New Delhi

SBI revises interest rates on retail term deposit

while for tenor ranging from 91 days to 179 days the rate is been increased by 75 bps.Similarly, for tenor ranging from 181 days to 240 days the interest rate is been increased by 100 bps and for tenor ranging from 241 days to less than one year the rate is been increased by 25 bps.provides the Content on “AS IS” basis without any express or implied warranties. Accord Fintech does not warrant the ...
Source : Yahoo Finance | 53 Day(s) Ago
Category : Personal Finance

United Bank hikes lending rate by 25 bps

Friday hiked its lending rate by 25 basis points (bps), a move set to make auto, home and corporate loans more expensive."The Bank has increased its Base Rate and Prime Lending Rate by 25 bps to 10.25 per cent and 14.50 per cent respectively", United Bank said in a filing on the BSE.The hike in both rates is effective from July 13, 2011. Rate hikes by banks come in response to the interest rate hike...
Source : The Economic Times | 311 Day(s) Ago
Category : Business | City : Mumbai

Canara Bank cuts lending rates by 25 bps

Canara Bank cuts base rate by 25 bps to 10.5 pct, effective May 1....
Source : Reuters India | 22 Day(s) Ago
Category : Others

RBI should not loosen its grip in fight against inflation

keep inflation in check, RBI has raised repo rate by 375 bps over the last 20 months...
Source : DNA | 196 Day(s) Ago
Category : Business

RBI’s bold move will need time to digest

delivered a positive surprise with a 50 basis point (bps) cut in the repo rate against expectations of half that....
Source : DNA | 34 Day(s) Ago
Category : Headlines

RBI hikes interest rates by 25 bps

Mumbai, Oct 25 (IBNS) To combat inflation, the Reserve Bank of India (RBI) on Tuesday raised the repo rate by 25 bps to 8.5 pct.Security...
Source : Bignewsnetwork | 210 Day(s) Ago
Category : Business
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