Lending rates

State Bank of India, the country's biggest lender, may not cut lending rates in the near term as costs of deposits continue to be high, Chairman Pratip Chaudhuri said on Monday, after the bank lowered its deposit rates.

The Reserve Bank Governor D Subbarao today said the central bank decided to cut rates by 0.50 percentage points, which took everyone by surprise, as it wanted banks to swiftly pass the benefits to borrowers.

Home, auto and corporate loans are likely to become cheaper as the Reserve Bank today slashed the short term lending rate sharply by 0.50 per cent to 8 per

Corporate and retail borrowers will not see a significant reduction in lending rates in the current financial year owing to tightness in liquidity, higher government borrowings and high cost of

Following some of its peers' move to cut interest rate on select product lines, Union Bank of India today said it has decided on a blanket cut in its retail

Indian banks may reduce lending rates for select sectors including those that are seeing higher demand for credit and lower level of defaults, chairman of State Bank of India, the