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Canara Bank hikes MCLR by up to 45 bps: EMIs to go up

Effective from 12.03.2023, the Marginal Cost of Funds Based Lending Rate (MCLR) of Canara Bank is going to hike its MCLR and the MCLRs will be effective till the next review. ....

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As repo rate increases, THESE banks hike interest rates, check which lender offers most affordable loans | Personal Finance News

RBI has increased the repo rates by 50 basis points, or 0.5 per cent, to 4.90 per cent from 4.40 per cent. Following RBI's move, HDFC, ICICI, PNB, Bank of Baroda, and Central Bank of India, among others have increased lending or interest rates on home loans. ....

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PNB hikes MCLR rates by 15 bps from today; check details here

The bank has hiked the MCLR for an overnight loan from 6.60 per cent to 6.75 per cent whereas the MCLR for a one-month loan now stands at 6.80 per cent. ....

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Rate Hike Signals RBI Wants To Act Quickly Before Inflation Derails Growth Experts

According to V Swaminathan, Executive Chairman, Andromeda and Apnapaisa, the rate hike was on the cards as the policymakers were under immense pressure due to the rising inflation in the country and at the global level, , inflation, rate hike, RBI Governor Shaktikanta Das ....

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