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Borrowers News

18 Oct 2022

Axis Bank hikes MCLR rate by 25 bps, making loans costlier; Check rates here

Axis Bank has increased its marginal costo of funds-based lending rate (MCLR) by 25 basis points. Reserve Bank of India (RBI) had increased the repo rate to 5.90 %. Now the overnight and one-month MCLR stands at 8.15%.

13 Aug 2017

NPA resolution to spur credit expansion, growth: Arvind Panagariya

Resolution of bad loans in the banking system is on 'right track' and will 'open the door' to rapid credit expansion and growth, Niti Aayog Vice Chairman Arvind Panagariya has said.

LIVE RBI Monetary policy review

02 Aug 2017

RBI monetary policy review: Repo rate slashed by 0.25% to 6%, lowest since 2010; loans may get cheaper

The cut in the repo rate by RBI will help in lowering interest rate for individual and corporate borrowers. It will thus make home, auto and corporate loans cheaper.

RBI Monetary policy review

02 Aug 2017

RBI Monetary Policy Review: Who said what

Here are the experts' comments on RBI Monetary Policy Review.

RBI Monetary policy review

02 Aug 2017

7th Pay Commission: Evolving momentum of inflation to be determined by implementation of HRA, says RBI

In line with record low retail inflation, the RBI cut policy repo rate by 25 basis points to 6 percent and the reverse repo by similar proportion to 5.75 percent.

RBI Monetary policy review

02 Aug 2017

RBI Monetary Policy Review: Here is the full text

Here is the full text of RBI Monetary Policy Review

02 Jan 2017

Home, auto loans cheapest in 6 years as SBI, PNB, ICICI cut lending rates by up to 0.9%, other banks follow

ICICI Bank on Monday reduced benchmark lending rate by 0.7 percent across various maturities.

Kotak Mahindra Bank

02 Jan 2017

After SBI, PNB, Kotak Mahindra Bank cuts lending rate by up to 0.45%

A day after SBI slashed its rate offering steeply, country's fourth biggest private sector lender Kotak Mahindra Bank on Monday announced a cut of up to 0.45 percent in its lending rates.

28 Dec 2016

Demonetisation: Borrowers get additional 90 days to repay loans

In view of cash crunch being faced by borrowers, the RBI on Wednesday provided additional 90 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore.

08 Dec 2016

Discussion : Flop Show of RBI after new credit policy

07 Dec 2016

First RBI monetary policy review after demonetisation: Urjit Patel brings no respite to borrowers; keeps interest rates unchanged

Urjit Patel-led 6-member Monetary Policy Committee, which had in its first policy review cut interest rate by 0.25 percent in October, belied expectations to keep benchmark repo rate unchanged at 6.25 percent unanimously.

13 Jun 2016

RBI proposes new debt restructuring rules to strengthen lenders’ ability to deal with stressed assets

In order to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track by providing an avenue for reworking the financial structure of entities facing genuine difficulties, the Reserve Bank of India on Monday issued guidelines on a ‘Scheme for Sustainable Structuring of Stressed Assets’.

Corporate defaults

24 Dec 2015

Top 3 corporate defaults can shave off 13% bank capital: RBI

The Financial Stability Report has cautioned banks against loaning to highly leveraged corporates and said that default by just top three borrowers can result in 13 percent losses.

17 Dec 2015

Interest rate to be based on marginal cost of funds from Apr 1

To ensure better transmission of its rate cuts to borrowers, RBI on Thursday said all banks will have to follow a new and uniform methodology from April next year to calculate base rate as per the marginal cost of funds.

27 Jul 2015

India Inc's foreign borrowing up 67% to $3.16 billion in June

India Inc raised about USD 3.16 billion in overseas borrowing in June, showing a rise of 67 percent over the year-ago month, RBI data showed Monday.

11 Jun 2015

RBI for better strategies to deal with problem of bad loans

Reserve Bank on Thursday made a case for developing better strategies to deal with the problem of bad loans as hiding them would aggravate the situation for the banks as well as borrowers.

20 Mar 2015

RBI to talk to banks about passing rate cut benefits to customers

The central bank plans to talk with lenders about passing on interest rate cuts through lower lending rates, Reserve Bank of India Deputy Governor S.S. Mundra said on Friday.

28 Jan 2015

RBI asks banks to ease norms for individual borrowers

To ensure hassle free credit to small borrowers, the RBI on Wednesday directed banks to do away with the practice of obtaining 'No Due Certificate' from individual loan takers.

15 Jan 2015

RBI surprises with 0.25% rate cut; EMIs on home, auto loans to come down

In a pleasant surprise, RBI on Thursday cut its policy rate by 0.25 percent in the first reduction in 20 months and promised more, paving way for cheaper home and auto loans as also lower cost of funds for corporate borrowers.

25 Nov 2014

Defaulting large borrowers are like freeloaders: Rajan

Accusing some large borrowers of enjoying "riskless capitalism", RBI Governor Raghuram Rajan on Tuesday said such entities were responsible for making banks' credit profile unhealthy and these big clients were in effect becoming 'freeloaders' in the banking system.

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