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Total 20 results found. Search for [ Union Bank MCLR cut ]

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PTI
July 10, 2020
This is the thirteenth consecutive rate cut by the lender since July last year


BusinessToday.In
March 29, 2020
Stocks to watch today on March 30: SBI, Maruti Suzuki, NTPC, TVS Motors, Bank of India, Motherson Sumi, SpiceJet among others are the top stocks to watch out for in Monday's trading session


BusinessToday.In
New Delhi, February 7, 2020
Former finance minister P Chidambaram, during an interview with India Today, rated Modi government's Budget 2020 as \"zero\". He said the compelling need of the hour was to arrest the six-quarter decline and revive growth, but the budget offered nothing; A Chinese doctor who tried to warn the world about a new coronavirus died of the disease on Friday, prompting an outpouring of sorrow as the death toll passed 630 and Beijing declared a \"people's war\" on the rapidly spreading pathogen; The Reserve Bank of India's inflation projection shows that the window for further cut in repo rate will be open only towards the end of 2020. The retail inflation, or the consumer price index (CPI), which the RBI tracks to fix interest rates is expected to go below the targeted 4 per cent by the third quarter of 2020-21. This and more news on News Blast.Also read: SBI FDs Interest Rates Cut: Bank cuts deposit rates up to 50 bps with effect from February 10; check detailsAlso watch: How PM Modi reacted to Rahul Gandhi's 'danda' remark


Nevin John
New Delhi, January 31, 2020
Budget 2020: The government's budget focus on infrastructure development of Tier 2 and 3 cities was expected to trigger the next round of urbanisation in the country and create large scale employment


BusinessToday.In
December 9, 2019
Catch top stories from the world of business and economy with BusinessToday.In's end of day report


Anand Adhikari
New Delhi, December 5, 2019
MPC wants to have a greater clarity on nature of fiscal measures Modi government is planning to take in Union Budget 2020-21 next year; it also wants to see a greater transmission key lending rates


Naveen Kumar
November 13, 2019
Does it make sense to opt for external benchmark-linked loans?


Reuters
New Delhi, October 16, 2019
Lending growth by banks had nearly halved to 8.8% at the end-September from the start of the year.


Anand Adhikari
September 10, 2019
The largest bank in the country, the State Bank of India (SBI), has slashed its retail term deposit rate twice in the last fortnight for less than Rs 2 crore deposit category.


BusinessToday.In
New Delhi, September 2, 2019
Indian Bank has announced reduction in its marginal cost of funds based lending rates (MCLRs) by 15 basis points across all tenors. The revised rates will be effective from September 3, 2019


BusinessToday.In
August 10, 2019
The PSU banks which have announced the decision to link their lending and deposit rates are Syndicate Bank, Bank of India, Union Bank and Allahabad Bank.


BusinessToday.In
New Delhi, April 9, 2019
State Bank of India (SBI) also slashed interest rates on housing loans up to Rs 30 lakh by 10 bps. As a result, the interest rate on housing loans below Rs 30 lakh will be in the range of 8.60-8.90%, from 8.70-90% earlier.


BusinessToday.In
New Delhi, April 4, 2019
The RBI has cut GDP growth projection for 2019-20 to 7.2% versus 7.4% forecasted in February policy meet; retail inflation lowered to 2.4% for the fourth quarter of 2018-19, which was pegged at 2.8% in the last policy meet


BusinessToday.In
New Delhi, April 4, 2019
Existing home loan customers may have to wait awhile to see an impact of the repo rate cut by RBI on their EMIs because of the reset date factor


BusinessToday.In
April 2, 2019
ICICI Bank has cut the marginal cost of funds-based lending rate (MCLR) by five basis points (bps) across tenors from its previous benchmark rates.


Mail Today Bureau
February 8, 2018
The RBI on Wednesday announced that it will link the base rate with the Marginal Cost of Funds based lending rates from April 1 this year to ensure that banks pass on the benefit of reduced policy rates to borrowers.


Anand Adhikari
Mumbai, August 7, 2017
The reduction in interest rates is prominent in the retail segment (especially in the home loan segment or small-ticket loans) because of stiff competition among the banks.


Reuters
New Delhi, January 3, 2017
SBI, the country's biggest lender by assets, said on Sunday it had cut its so-called marginal cost of funds-based lending rates (MCLR) by 90 basis points, while unveiling new products for mortgage loans, one of the fastest-growing areas.


PTI
New Delhi, January 3, 2017
Housing, auto and corporate loans are all set to becomecheaper with half a dozen PSU and private banks on Monday steeply reducingbenchmark lending rate by up to 1.48 per cent after spurt in deposits followingdemonetisation.


PTI
January 2, 2017
Top PSU lenders State Bank, PNB and Union Bank on Sunday slashed their benchmark lending rates by up to 90 basis points, a day after Prime Minister Narendra Modi asked banks to priorities their lending towards the poor and middle class.


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