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

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 ...

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 ...