July 7, 2020
Mumbai: The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect.
Following the reduction, MCLRs of the bank will range from 7.10 per cent to 7.65 per cent.
The bank’s overnight MCLR now stands reduced to 7.10 per cent and its one-month MCLR is 7.15 per cent. One-year MCLR will now be 7.45 per cent, while three-year MCLR stands at 7.65 per cent.
Banks review MCLR every month. Last month the HDFC Bank had reduced MCLR across tenors by 5 bps.
IANS
PM Modi showcases India’s 7.8 pc growth, contrasts ‘policy paralysis’ of previous era when ‘glass was half-empty’
New Delhi: Contrasting the pre-2014 era under the Congress-led government with the present, Prime Minister Narendra Modi asserted that the world now sees India as the fastest-growing major economy. ...
Himachal’s fiscal deficit breaches prescribed limits; 86 pc revenue spent on salaries and subsidies
Shimla: The Comptroller and Auditor General of India (CAG) on Thursday painted a worrying picture of Himachal Pradesh's financial health, flagging the rapidly rising debt burden, breach of fiscal deficit...
Commercial LPG cylinder gets dearer, jet fuel prices hiked
New Delhi: State-owned oil marketing companies (OMCs) have hiked the prices of 19-kg commercial LPG cylinders by Rs 9.50, while aviation turbine fuel (ATF) prices for domestic airlines have risen...
India can adjust to changes in global economy sans hurting its own growth: FM Sitharaman
Asheville : India has shown that it can adjust to changes in the global economy without allowing its growth to be derailed, Union Minister for Finance and Corporate Affairs Nirmala...
India records real GDP growth at Rs 81.36 lakh crore in Q1 FY27 with robust 7.8 pc growth
New Delhi: Despite global headwinds, India recorded real GDP growth at Rs 81.36 lakh crore in the first quarter of this fiscal (Q1 FY27), against Rs 75.46 lakh crore in...
IGL hikes CNG prices by Rs 3.89/kg in Delhi-NCR as LNG costs surge
New Delhi: Indraprastha Gas Limited (IGL) has increased compressed natural gas (CNG) prices by Rs 3.89 per kg across Delhi-NCR, citing a sharp rise in the cost of imported liquefied...
Banks raise $72.8 billion in forex inflows till Aug 21, FCNR(B) deposits reach $65.4 billion: RBI
New Delhi: The Reserve Bank of India (RBI) on Saturday said that authorised dealer banks have raised a massive $72.848 billion in forex inflows till August 21, and a major...
5 FBOs withdraw ‘100 pc’ claims following regulatory intervention: FSSAI
New Delhi: The Food Safety and Standards Authority of India (FSSAI) on Wednesday said that five food business operators (FBOs) have taken corrective action and withdrawn misleading “100 per cent”...
CPI(M)-backed Islamic Bank depositors in fix as plaints mount; Kerala CM Satheesan promises probe
Kannur: A financial headache is brewing for depositors of a Sharia-compliant cooperative society promoted by CPI(M) leaders in Kannur, with complaints surfacing that depositors have been unable to withdraw their...
Tata Sons Chairman N Chandrasekaran resigns ahead of AGM; will not seek reappointment
New Delhi: Tata Sons Chairman N Chandrasekaran has resigned from his position and will not seek re-appointment when his current tenure ends in February 2027, according to a report by...
Oil PSUs’ losses on LPG sales below market price cross Rs 59,000 crore
New Delhi: The cumulative under-recoveries of the government-owned oil marketing companies -- Indian Oil, Bharat Petroleum and Hindustan Petroleum -- on the sale of domestic LPG below the market price...
No charges on UPI transactions for users, limited merchant MDR possible: Govt
New Delhi: The government on Saturday clarified that consumers will not be charged for making payments through the Unified Payments Interface (UPI), while any future merchant discount rate (MDR) will...
