HDFC Bank announces to hike its MCLR rate by 5 basis points despite the reduction of the repo rate by the Central bank.

Banks’ borrowing from the  Central Bank of Nigeria, CBN, rose sharply by 395.2 percent week-on-week (WoW) to N4.72 trillion last week from N953.11 billion the previous week.

In the three-year category, the highest interest offered is 7.65% which is offered by both Kotak Mahindra Bank and Bank of Baroda. Axis bank closely follows with 7.60% interest for the three-year ...

Market participants are expecting additional liquidity support via variable rate repo (VRR) auctions and open market ...

If you’re on a fixed rate, you might want to evaluate if switching to a floating rate makes sense, depending on market ...

Domestic stock market continues to reel under pressure despite a repo rate cut by the Reserve Bank of India (RBI) for the first time in 5 years and o ...

Economists expect inflation to continue easing in the coming months on the back of easing food prices, supporting the central bank’s decision to cut the policy repo rate.

By cutting rates, the RBI sends a message that it is ready to support growth, confident that the worst of inflation is over.

Samajwadi Party member Ram Gopal Yadav on Monday alleged that in the history of India there has been no bigger scam than the NCLT, which is incurring losses to banks and is benefitting only a few.

The country’s largest private sector lender HDFC Bank has increased its marginal cost of funds based lending rate (MCLR) on ...