The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay. Illustration: Uttam Ghosh/Rediff.com The earnings......
Three months after the base rate regime to price loans began, only a handful of customers have shifted to it from the erstwhile benchmark prime lending rate (BPLR) system. But don't blame only lack......
Loans at a discount to the benchmark prime lending rates of banks are back with a majority of the fresh loans being disbursed at sub-PLR rates. For some banks, 65 to 70 per cent of the fresh loan......
Union Bank of India on Thursday slashed its benchmark prime lending rate (BPLR) by 0.50 per cent to 12 per cent per annum, a day after RBI cut key rate by similar percentage points. The new rate......
A Reserve Bank working group set up to rework the benchmark prime lending rate structure is mulling multiple benchmark system for different borrowers and exemption for home loans from BPLR. A......