A basis point is one-hundredth of a percentage point. So, a 5 bps cut translates into a 0.05% reduction in the lending rate.

HDFC Bank has reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 5 basis points on select loan tenures, ...

HDFC Bank Lowers MCLR Rates, Bringing Relief to Millions of Borrowers In a welcome move for borrowers, HDFC Bank, India’s ...

CS Setty, Chairman of State Bank of India, said the bank expects asset quality to remain stable, with credit costs holding at ...

MUMBAI: State Bank of India has reported a street-beating set of numbers with net income rising 12.5% on-year to Rs 19,160 crore in the June quarter, primarily ...

Purchasing a home is usually one of the most significant financial decisions a person makes in their lifetime. But your work isn’t over after the loan is approved and the EMIs begin. As interest rates ...

Major economies showed signs of slowing down, with global GDP growth at 3.3 per cent for year 2024. The geopolitical tensions ...