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Banking News : Interest Rate::Base Rate

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Base Rate cut by BOI: more PSU banks towards cheaper loan
  BOI, Bank of India, a leading state-run bank has reduced its base rate — the benchmark rate to all loan rates linked — by 25 bps to 9.95 per cent.    Read  
  By: AmitPlace: New Delhi03 May 2015Interest Rate::Base RateView 
Punjab & Sind Bank reduces lending rate by 0.26% to 9.99%
  Punjab & Sind Bank has reduced its base rate by 0.26% to 9.99 per cent effective from August.    Read  
  By: Anurag (Source: Business Lines)Place: New Delhi20 Jul 2013Interest Rate::Base RateView 
Banks to cut rates asks FM, SBI demurs
  P Chidambaram, Finance Minister urged public sector banks for reduction of floor lending rates but SBI Chairman Pratip Chaudhuri said the guidance to cut rate d..    Read  
  By: Anurag (Source: Economic Times)Place: New Delhi04 Jul 2013Interest Rate::Base RateView 
United Bank, Punjab & Sind Bank cut base rates
  United Bank of India and Punjab & Sind Bank have decreased base rate like many other banks that have already reduced their base rate. Public sector banks, Pun..    Read  
  By: Rohit (Source: Business Line)Place: Mumbai23 Feb 2013Interest Rate::Base RateView 
Federal Bank decreased base rate by 25 bps from today
  Private sector lender Federal Bank today reduced its base rate by 25 basis points to 10.20 per cent.    Read  
  By: Rohit (Source: Business Line)Place: Mumbai22 Feb 2013Interest Rate::Base RateView 
United Bank of India reduce base rate by 20 bps from February 25
  United Bank of India has cut its base rate now many other banks have done it earlier. United Bank of India has decreased its base rate by 20 basis points. It i..    Read  
  By: Rohit (Source: Business Line)Place: Kolkata21 Feb 2013Interest Rate::Base RateView 
HDFC Bank expects interest rates likely to soften by 50-75 bps in year ahead
  HDFC Bank is hopeful of interest rates are likely to soften by 50-75 basis points in the year ahead. HDFC Bank Managing Director Aditya Puri is expecting that ..    Read  
  By: Rohit (Source: Business Line)Place: Mumbai19 Feb 2013Interest Rate::Base RateView 
Bankers expect bulk deposit rates may not go to the level fiscals high
  Bankers opine that according to directive from the Finance Ministry bulk deposit rates may not likely to go up to the level last financial year. Bank’s bulk..    Read  
  By: Rohit (Source: Business Line)Place: Mumbai18 Feb 2013Interest Rate::Base RateView 
State Bank of Hyderabad (SBH) cuts Base Rate, BPLR
  State Bank of Hyderabad (SBH) has reduced its base rate from 10.25 per cent to 10.20 per cent and Benchmark Prime Lending Rate (BPLR) from 15 per cent to 14.90 ..    Read  
  By: Rohit (Source: Business Line)Place: Hyderabad09 Feb 2013Interest Rate::Base RateView 
Union Bank, Dena Bank cut base rate
  Public sector lenders Union Bank of India and Dena Bank reduced their base rates thereby making loan borrowing cheaper for customers.    Read  
  By: Rohit (Source: Business Line)Place: Mumbai09 Feb 2013Interest Rate::Base RateView 
Base Rate for Banks in India as on February 2013
  The Base Rate System in Indias banking system will enhance competition in the short-term lending space. Base Rate, the minimum lending rate increased by banks i..    Read  
  By: RohitPlace: New Delhi07 Feb 2013Interest Rate::Base RateView 
Base Rate Decreased by Corporation Bank Now 10.25%
  Corporation Bank has announced a 25 basis points cut in its base rate.    Read  
  By: Rohit (Source: Business Line)Place: Mangalore06 Feb 2013Interest Rate::Base RateView 
Oriental Bank of Commerce, Indian Bank cut base rate
  Oriental Bank of Commerce (OBC) has reduced its base rate from 10.40 per cent to 10.25 per cent. The revised rate will be applicable from February 25, S. L. Ban..    Read  
  By: Manish (Source: Business Line)Place: Mumbai05 Feb 2013Interest Rate::Base RateView 
Citi Bank reduces base rate by 25 bps
  Citi Bank cut its base rate by 25 basis points to 9.50 per cent. The new rate is effective from January 10, 2013.    Read  
  By: Manish (Source: Business Line)Place: Mysore05 Feb 2013Interest Rate::Base RateView 
Central Bank cuts lending, deposit rates
  Central Bank of India today announced a cut of 0.25 per cent in its base rate. "We have scaled down our base rate from 10.50 per cent to 10.25 per cent, effecti..    Read  
  By: Rohit (Source: Business Standard)Place: Mumbai03 Feb 2013Interest Rate::Base RateView 
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