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Crisil pegs Q3 bank profit growth at 25%
Driven by higher earnings due to increase in lending rates, commercial banks are expected to report 25 per cent year-on-year growth in operating profit in the quarter ending December 31, according to Crisil. Along with deposit rates, many banks have raised base rates and prime lending rates twice in second and third quarters. The benefit from higher lending rates would be immediate, while resource
Driven by higher earnings due to increase in lending rates, commercial banks are expected to report 25 per cent year-on-year growth in operating profit in the quarter ending December 31, according to Crisil. Along with deposit rates, many banks have raised base rates and prime lending rates twice in second and third quarters. The benefit from higher lending rates would be immediate, while resource
SKS stock falls 8.77%
Shares of SKS Microfinance, the only-listed microfinance company, declined 8.77 per cent on Monday to Rs 603.85 at the Bombay Stock Exchange (BSE) from the previous close of Rs 661.9. It touched
Union Bank raises BPLR by 0.50% to 13.25%
Public sector lender Union Bank of India today increased its benchmark prime lending rate (BPLR) by 0.50 per cent to 13.25 per cent on the back of hardening of interest rates across the economy. "In
Public sector lender Union Bank of India today increased its benchmark prime lending rate (BPLR) by 0.50 per cent to 13.25 per cent on the back of hardening of interest rates across the economy. "In
Union Bank to increase lending rates
The Union Bank today said it is expecting lending rates to go up by 50 basis points (0.5 per cent) shortly. "By the month end, we will take a review of the whole situation and accordingly we will
The Union Bank today said it is expecting lending rates to go up by 50 basis points (0.5 per cent) shortly. "By the month end, we will take a review of the whole situation and accordingly we will
Subbarao asks banks to reduce margins
‘Cut operating costs, raise fee-based income to pay more on deposits, charge less from lenders’
‘Cut operating costs, raise fee-based income to pay more on deposits, charge less from lenders’
HDFC raises home loan rate by 75 bps
Private mortgage lender HDFC has raised its retail prime lending rate (RPLR) by 75 basis points. For home loans up to Rs 30 lakh, the new floating rate is 9.5 per cent and for loans of Rs 30-75 lakh,
Private mortgage lender HDFC has raised its retail prime lending rate (RPLR) by 75 basis points. For home loans up to Rs 30 lakh, the new floating rate is 9.5 per cent and for loans of Rs 30-75 lakh,
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