[ad_1] CHENNAI: Lockdown, layoffs and salary cuts have triggered IT employees to vacate rented apartments in the city and return to their hometowns across the country, besides moving to smaller houses in Chennai. While several apartment units on the IT corridor of Old Mahabalipuram Road (OMR) have been deserted by the tenants employed in software…

[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…