British lender Standard Chartered today cut its base rate or minimum rate of lending by 0.25 per cent to 9.50 per cent, joining a large number of rivals who have slashed rates after the RBI's policy.

"Standard Chartered has announced a reduction of 0.25 per cent in its base rate from the current level of 9.75 per cent...

Housing Development Finance Corp (HDFC), India's largest mortgage finance company, on Monday reduced its retail prime lending rate (RPLR) by 25 basis points (bps).

The rate cut will be effective from Tuesday. "This...

State Bank of India has increased spread on home loans after aggressively lowering its lending rates by 40 basis points to 9.30% last week.

The new home loan is pegged at 9.55% while women borrowers would be charged 9.50%. In effect, despite a 40 basis point reduction in the base rate the new home loan borrowers will be benefit by a 20 basis point reduction in rates. Base rate is...

Two more lenders - Axis Bank and IDBI Bank - have reduced their lending rates, while ICICI Bank has reduced interest rates on bulk deposits ahead of a lending rate cut.

Axis Bank, India's third largest private sector bank, revised its base rate by 35 basis points (bps) from 9.85% to 9.50% with effect from October 5. Accordingly, the effective rate applicable to home loans and working...

Spreading the festive cheer more than a month ahead of Diwali, banks have started cutting home and auto loan rates. Immediately after the Reserve Bank of India (RBI) cut the repo rate (the rate at which it lends overnight money to banks) by 0.50% on Tuesday morning, banks started cutting their base rates – the lowest rate at which they can lend......

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