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HDFC Bank increases MCLR by up to 15 bps

9 May 2023 by Admin

Mumbai: Private lender HDFC Bank on Monday raised its Marginal Cost Based Lending Rate (MCLR) by up to 15 basis points on select tenors. The new rates are effective from May 8, 2023. The hike in MCLR rates will impact floating rate borrowers of personal loans and vehicle loans whose loans are tied to the … Read more

Debt revamp proposal to prolong Indian banks’ asset quality uncertainty: Fitch

11 August 2020 by Admin

MUMBAI: A one-time debt restructuring allowed by India’s central bank to help lenders and borrowers amid the COVID-19 pandemic will prolong uncertainty about the banking sector’s asset quality, Fitch Ratings said on Tuesday. India’s central bank said last week it will allow restructuring of corporate and personal loans to ease debt strains on companies and … Read more