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 ...

If you are confused by personal finance terms, jargon, and calculations, here’s a series to simplify and deconstruct these ...

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 ...

Repo rates and interest rates generally go hand in hand. This means when RBI slashes the repo rate, commercial banks are ...

Any change in policy rates has a direct and indirect impact on home loan interest rates, which eventually hits your pocket ...

IPO-bound Hero FinCorp stops unsecured loans to curb borrower over-leverage, shifts focus to secured lending, and targets 14% ...

Despite a drop in bank credit growth, overall credit demand remains steady, shifting toward capital markets and NBFCs as ...

The Telangana Real Estate Regulatory Authority (TGRERA) has imposed penalties totalling nearly Rs 29 lakh on two ...

Indian Overseas Bank (IOB) has reduced its Marginal Cost of Lending Rate (MCLR) by 10 basis points across all tenors, potentially leading to lower EMIs for borrowers.