Home  loans  are  set  to  get  cheaper  with  banks  start  implementing  the  new  lending  rate  structure  called  marginal  cost  based  lending  rate  (MCLR)  from  Friday. The  new  rate  setting  structure,  which  asks  banks  to price  loans  based  on  the  marginal  cost  of  deposits  rather  than average  cost,  comes  into  effect […]

Published on: Sep 2, 2015 @ 09:38 HDFC Bank,  India’s  second-largest  private  lender  on  Monday  slashed  its   base  lending  rate, the  benchmark to  which  all  other  lending  rates  are  linked, by  a  hefty  35  basis points  from 9.70  per  cent  to  9.35  per  cent. While  Canara  Bank  cut  its  base  rate  by […]