Muthoot Microfin has decided to reduce lending rates by up to 55 basis points on fresh loans to existing customers. This move comes after nearly two years of upward movement in loan rates. The reduction in rates will not affect the lender s net interest margin, which rose to 12.6% for the December 2023 quarter.
(Bloomberg) China’s commercial lenders held their benchmark lending rates in line with the central bank’s recent move to maintain borrowing costs, as attention shifts toward the likelihood of more easing in the coming months. Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHedge Funds Rake in Huge Profits Betting on Catastrophe RiskGloom Over China Assets Is Spreading Beyond Battered StocksTrump Retires ‘DeSanctimonious’ Insult After DeSantis Backs HimP
India Business News: Find out the revised home loan and other loan interest rates of 8 banks in January 2024. This list includes IDBI Bank, Bank of Baroda, ICICI Bank, Canara Bank, Punjab National Bank (PNB), Bank of India, HDFC Bank, and Yes Bank.