New Delhi: The largest lender in the country, Bank Negara India has decided to increase its marginalized costs from loan rates (MCLR) with loans with 10 basis points or 0.10 percent effective from 15 July 2022. For one year tenor, the bank has decided to increase MCLR to 7.50 percent from 7.40 percent at this […]
HDFC Bank Q2 retail loans up 13% YoY
Retail loans of private sector lender HDFC Bank grew around 13 percent in Q2FY22, when compared with September 30, 2020. Retail loans rose5.5 percent from June 30, 2021, the bank said in a BSE paper. “As per the Bank’s internal business rank, retail loans grew by around13.0 percent over September 30, 2020 and around5.5 percent […]
RBI issues Master Direction on loan transfer
The Federal Reserve Bank on Friday issued Master Direction on loan transfer, requiring banks and other lending institutions to possess a comprehensive board-approved policy for such transactions. Loan transfers are resorted to by lending institutions for various reasons, starting from liquidity management, rebalancing their exposures or strategic sales. Also, a strong secondary market in loans will help in creating additional avenues for raising […]