[ad_1] MUMBAI: Housing Development Finance Corporation (HDFC) on Friday reduced its retail prime lending rate on housing and non-housing loans by 20 basis points. The prime lending rate is the rate on which commercial banks lend to their customers. The private sector lender’s adjustable-rate home loans are benchmarked against the retail prime lending rate. “The…

[ad_1] MUMBAI: HDFC Bank has cut its marginal cost of funds-based lending rate (MCLR) by 5 basis points (bps) across tenors. The rate cut is effective from Monday (June 8), according to its website. HDFC Bank said its overnight MCLR stands reduced to 7.30 per cent, while one-month MCLR is 7.35 per cent. One-year MCLR,…

[ad_1] NEW DELHI: State-owned Canara Bank on Saturday announced reduction in its repo-linked lending rate (RLLR) by 40 basis points (bps) to 6.90 per cent. Meanwhile, the Bengaluru-based bank also slashed its marginal cost of fund-based lending rate (MCLR) by 20 basis points across various tenors. The revised lending rates will be effective from June…

[ad_1] MUMBAI: State-owned Bank of Maharashtra (BoM) on Friday announced reduction in its repo-linked lending rate (RLLR) by 40 basis points (bps) to 7.05 per cent. The revision in RLLR rates will be effective from June 8, the bank said in a release. “Now, all retail loans (housing, education, vehicle), loans to MSMEs, which are…