Canara Bank cuts MCLRs by 0.05-0.15% for various tenors, Real Estate News, ET RealEstate

NEW DELHI: State-owned Canara Bank on Friday said it has cut the marginal cost of fund based lending rates (MCLR) by 0.05-0.15 per cent with effect from November 7. The one-year MCLR — the benchmark for most of the consumer loans — has been reduced by 0.05 per cent to 7.35 per cent from 7.40 […]

RBI to rationalise risk weightage on housing loans to push demand, Real Estate News, ET RealEstate

MUMBAI: In order to promote the housing sector, Reserve Bank of India on Friday decided to rationalise risk weightage on housing loans, making the product attractive for both borrower and lenders. With revision in the risk weightage, the requirement of capital provision for banks will come down. This will encourage banks to push housing loan […]

SBI offers up to 2 years repayment relief for home & retail loans, Real Estate News, ET RealEstate

MUMBAI: State Bank of India will provide relief to home and retail loan borrowers impacted by Covid-19 in the form of either a moratorium of up to 24 months or by rescheduling instalments and extending the tenure by a period equivalent to the moratorium granted. The moratorium period can be extended by a maximum of […]

Bank of Maharashtra slashes MCLR by up to 20 bps for select tenors, Real Estate News, ET RealEstate

MUMBAI: State-owned Bank of Maharashtra on Friday said it has slashed marginal cost of funds-based lending rates (MCLR) by up to 20 basis points (bps) for select tenors effective today. This is the fifth consecutive MCLR cut by the Pune-based lender. One year MCLR rate has been reduced by 10 bps to 7.40 per cent […]

HDFC Bank cuts MCLR by 10 bps across tenors, Real Estate News, ET RealEstate

MUMBAI: HDFC Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all tenors with effect from Friday. According to the HDFC Bank website, post the rate cut, the overnight MCLR stands at 7 per cent, the one month tenor stands at 7.05 per cent while the three-month MCLR […]

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