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 ...

Even a 0.5% drop in the interest rate can bring noticeable relief. For example, if your ₹40 lakh loan is at 8.5% interest for ...

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

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 ...

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 ...

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

The RBI is set to announce its second monetary policy decision for FY26 today at 10:00 AM. Here's how to watch Sanjay ...

RBI Monetary Policy Committee Meeting Updates: The Reserve Bank of India’s (RBI) has kept the repo rate unchanged at 5.5 per ...