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PNB, HDFC Banks Hike Key Lending Rate; Making Loans Expensive For Customers

Earlier this month, the RBI hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. ....

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PNB to hike MCLR by 10 bps across tenures from Wednesday

Punjab National Bank will increase all of its marginal cost of funds-based lending rates by 10 basis points, with effect from this Wednesday.

After the revision, the bank's lending rates will be in the range of 8.00-8.80%.

The state-owned lender increased the MCLR across tenures by 10 bps in February. ....

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From SBI, Axis to Kotak, banks hike lending rates: Latest rates here

Following RBI s rate hike, several banks have increased their lending interest rates including the Marginal Cost of Funds Based Lending Rate (MCLR) and Revised Repo Based Lending Rate (RBLR) ....

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IndusInd Bank hikes overnight to 1 year MCLR by 10-15 bps

IndusInd Bank has increased its marginal cost of funds-based lending rate on overnight to one-year tenures by 10-15 basis points as of today, according to information on the lender's website.

The bank has not adjusted the interest rates for the two-year and three-year terms. Loan interest rates would vary from 8.95 to 10.15% after the modification. ....

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Axis Bank hikes MCLR by 10 basis points across tenures

Axis Bank has increased its marginal cost of funds-based lending rates by 10 basis points across tenures as of Saturday, as per the information on the bank's website.

The bank's loans will have updated interest rates that fall between 8.70 and 9.50%. The lender increased the MCLR across all tenures by 5 bps in January. ....

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