prime lending rate

SBI, Allahabad Bank cut interest rates


April 23rd, 2012 - 9:34 pm ICT by IANS
Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest lender, said Monday that it will cut interest rates on term deposits by upto 1 percent.However, ... Read more...

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Banks lower interest rates taking cues from RBI policy


April 19th, 2012 - 9:00 pm ICT by IANS
Mumbai, April 19 (IANS) Leading lenders including ICICI Bank and Punjab National Bank Thursday announced cut in both lending and deposit rates, just two days after the Reserve Bank of ... Read more...

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Indonesian central bank pushes for cut in lending rates


December 12th, 2011 - 1:52 pm ICT by IANS
Jajarta, Dec 12 (IANS) Indonesian central bank has asked commercial banks in the country to lower their interest rates as the country will rely much on its domestic consumption to ... Read more...

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Indian Overseas Bank hikes base rate


July 30th, 2011 - 4:56 pm ICT by IANS
Mumbai, July 30 (IANS) Indian Overseas Bank Saturday said it has revised its base rate from 10.25 percent to 10.75 percent in response to the Reserve Bank of India's 50 ... Read more...

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PNB, Allahabad Bank hike lending, deposit rates


July 29th, 2011 - 8:58 pm ICT by IANS
Mumbai, July 29 (IANS) Public sector lenders Punjab National Bank, Allahabad Bank and Oriental Bank of Commerce said Friday they will hike lending and deposit rates by up to 75 ... Read more...

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SBI hikes lending rates, EMIs to rise


July 7th, 2011 - 9:25 pm ICT by IANS
Mumbai, July 7 (IANS) The country's largest lender, the State Bank of India (SBI), Thursday increased its lending rates by 25 basis points -- a decision that will make ... Read more...

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Indian Overseas Bank raises lending rate


July 1st, 2011 - 9:25 pm ICT by IANS
Mumbai, July 1 (IANS) State-owned Indian Overseas Bank Friday raised its benchmark prime lending rate by 25 basis points in response to the monetary tightening measures taken by the Reserve ... Read more...

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SBI to hike lending rates, loans get dearer


April 19th, 2011 - 9:19 pm ICT by IANS
Mumbai, April 19 (IANS) The country's largest lender the State Bank of India (SBI) Tuesday said it will hike its base and prime lending rates by 25 basis points ... Read more...

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Union Bank hikes lending rate by 50 bps


December 27th, 2010 - 5:17 pm ICT by IANS
Mumbai, Dec 27 (IANS) The government-run Union Bank of India Monday raised the base rate, the minimum rate at which banks lend, by 50 basis points (bps) to 9 percent, in line ... Read more...

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Union Bank raises interest rates


December 18th, 2010 - 6:35 pm ICT by IANS
Mumbai, Dec 18 (IANS) The government-run Union Bank of India will raise lending and deposit rates by up to 100 basis points effective Monday. "In view of the current micro-economic scenario and ... Read more...

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ICICI Bank hikes lending, deposit rates


December 4th, 2010 - 8:24 pm ICT by IANS
Mumbai, Dec 4 (IANS) ICICI Bank, the country's largest private sector lender, said Saturday it will raise its lending as well as deposit rates by up to 50 basis points effective ... Read more...

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Indian Bank, IOB hike lending rate to 8.5 percent


October 1st, 2010 - 9:09 pm ICT by IANS
Mumbai, Oct 1 (IANS) The Indian Bank and Indian Overseas Bank (IOB) Friday raised their base rates, the minimum rate of interest on loans, to 8.5 percent to match the rates ... Read more...

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PNB raises base rate by 50 bps, deposit rates by 25-50 bps


September 30th, 2010 - 4:59 pm ICT by IANS
Mumbai, Sep 30 (IANS) Punjab National Bank will raise base rate, the minimum rate of interest on loans, by 50 basis points to 8.50 percent and interest rates on term deposits by ... Read more...

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SBI raises lending, deposit rates; loans to get costlier


August 16th, 2010 - 7:53 pm ICT by IANS
New Delhi, Aug 16 (IANS) State Bank of India said Monday it will raise benchmark prime lending rate by 50 basis points and deposit rates by 25 to 150 basis points ... Read more...

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UCO Bank raises prime lending rate by 25 basis points


August 9th, 2010 - 8:41 pm ICT by IANS
Kolkata, Aug 9 (IANS) City-based public sector bank UCO Bank raised its Benchmark Prime Lending Rate (BPLR) by 25 basis points to 12.50 percent from Monday (Aug 9). The bank has increased the ... Read more...

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New interest rate regime come into force Thursday


June 30th, 2010 - 6:26 pm ICT by IANS
Mumbai, June 29 (IANS) A new interest rate regime, aimed at improving transparency and disallowing big corporations to get loans at rates below established benchmarks, will kick in from Thursday as ... Read more...

Posted in Business |

State Bank of India sets base rate for lending at 7.5 percent per annum


June 30th, 2010 - 12:57 pm ICT by ANI
Mumbai, June 30 (ANI): The State Bank of India (SBI) has set its base rate for lending at 7.5 per cent per annum, after the Reserve Bank of India (RBI) introduced ... Read more...

Posted in National |

SBI fixes base rate at 7.5 percent


June 29th, 2010 - 2:29 pm ICT by IANS
Mumbai, June 29 (IANS) The country's largest lender, State Bank of India (SBI), Tuesday fixed its base rate for lending at 7.5 percent per annum which would kick in from July ... Read more...

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India’s central bank proposes new lending rate system


February 11th, 2010 - 1:08 pm ICT by IANS
Mumbai, Feb 11 (IANS) The Reserve Bank of India (RBI) Thursday issued draft guidelines to replace the current method of calculating lending rates by banks with a new model, which is expected ... Read more...

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Allahabad Bank posts Rs.345.36 crore net profit in Q3


January 22nd, 2010 - 9:20 pm ICT by IANS
Kolkata, Jan 22 (IANS) City-based public sector bank Allahabad Bank posted a net profit of Rs.345.36 crore for the quarter ended Dec 31, compared to Rs.369.46 crore in the corresponding period last ... Read more...

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United Bank of India launches home loan at 8 percent


December 22nd, 2009 - 4:39 pm ICT by IANS
Kolkata, Dec 22 (IANS) The city-based state-run United Bank of India (UBI) has launched an eight percent home loan scheme available till March 31 next year, a release said here Tuesday. The bank ... Read more...

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Citibank unveils mortgage product for home loan facility


December 21st, 2009 - 7:47 pm ICT by IANS
Bangalore, Dec 21 (IANS) Citibank Monday launched a novel mortgage product 'CitiHome One' to offer its customers a home loan facility. The universal home product enables the bank's customers to avail a conventional ... Read more...

Posted in Business |

UCO Bank may cut rates by 50 basis points (Lead)


July 30th, 2009 - 9:44 pm ICT by IANS
Kolkata, July 30 (IANS) State-run UCO Bank may cut its prime lending rate (PLR) by 50 basis points each in the next two quarters, a top official said here Thursday. "During the next ... Read more...

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State Bank net profit up 42 percent


July 30th, 2009 - 3:21 pm ICT by IANS
Indo-Asian News Service Mumbai, July 30 (IANS) India's largest lender State Bank of India (SBI) Thursday reported a 42 percent rise in net profit to Rs.2,330.37 crore ($481 million) in the first ... Read more...

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HDFC Bank cuts lending rate by 25 basis points


July 20th, 2009 - 8:08 pm ICT by IANS
New Delhi, July 20 (IANS) The country's second largest private lender HDFC Bank Monday cut its benchmark lending rate by 25 basis points to 15.75 percent. "The benchmark prime lending rate has been ... Read more...

Posted in Business |

Allahabad Bank reduces lending rate


June 27th, 2009 - 7:33 pm ICT by IANS
Kolkata, June 27 (IANS) State-run Allahabad Bank Saturday decided to slash its benchmark prime lending rate by 25 basis points from July 1. "The bank has decided to reduce the benchmark prime lending ... Read more...

Posted in Business |

UBI to reduce interest rates by 25 bps


June 24th, 2009 - 8:53 pm ICT by IANS
Kolkata, June 24 (IANS) The state-owned United Bank of India (UBI) has reduced the benchmark prime-lending rate (BPLR) by 25 basis points, a bank statement said here Wednesday. "The bank has reduced prime-lending ... Read more...

Posted in Business |

United Bank to hit primary market in December


June 22nd, 2009 - 5:43 pm ICT by IANS
Kolkata, June 22 (IANS) The state-owned United Bank of India (UBI) is likely to enter the primary market by December, a top bank official said here Monday. "We plan to raise about Rs.300-400 ... Read more...

Posted in Business |

UCO Bank to slash lending rates next week


June 19th, 2009 - 9:35 pm ICT by IANS
Kolkata, June 19 (IANS) The city-based UCO Bank will cut its deposit and lending rates by 50 basis points soon, a top bank official said here Friday. "We would cut both the deposit ... Read more...

Posted in Business |

State Bank of India ready to grow by acquisition


June 10th, 2009 - 5:56 pm ICT by ANI
New Delhi, June 10 (ANI): The State Bank of India (SBI) is keen to acquire domestic banks, its Chairman O.P Bhatt said here on Wednesday.Bhatt was speaking to reporters on ... Read more...

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Banks have agreed to consider interest rate cuts: Mukherjee (Lead)


June 10th, 2009 - 5:00 pm ICT by IANS
New Delhi, June 10 (IANS) Finance Minister Pranab Mukherjee Wednesday said banks have agreed to consider interest rate cuts, responding to his strong pitch saying measures to ease their burden were not ... Read more...

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Scope to reduce bank lending rates: RBI chief (Lead)


May 14th, 2009 - 1:14 am ICT by IANS
Bangalore, May 13 (IANS) There is scope for banks to reduce lending rates in the current economic scenario, Reserve Bank of India (RBI) Governor D. Subbarao said here late Wednesday. "Given the ... Read more...

Posted in Business |

Scope to reduce bank lending rates: RBI chief


May 13th, 2009 - 11:58 pm ICT by IANS
Bangalore, May 13 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao late Wednesday said there was scope to reduce lending rates by banks in the current economic context. "Given the current economic ... Read more...

Posted in Business |

UCO Bank posts Rs.558 crore net profit


May 8th, 2009 - 9:47 pm ICT by IANS
Kolkata, May 8 (IANS) City-based public sector bank UCO Bank posted a net profit of Rs.558 crore for the fiscal 2008-09 compared to Rs.412 crore last fiscal, a growth of 35.44 percent, ... Read more...

Posted in Business |

SBI may review rates by May-end


May 8th, 2009 - 5:38 pm ICT by IANS
Kolkata, May 8 (IANS) State Bank of India (SBI), the country's largest lender, may review rates by May-end as it has seen a steady rise in deposits last fiscal, a top ... Read more...

Posted in Business |

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