HDFC Bank lowers MCLR by up to 5 bps, revises FD rates, offering financial relief and flexibility for borrowers and depositors.

HDFC Bank has cut its marginal cost of funds-based lending rate (MCLR) on select tenures by up to 5 basis points (bps). The revised rates are applicable from January 7, 2025 onwards.

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After the change, MCLR will now range between 9.15 percent and 9.45 percent. The new rates will come into force from Jan 7, ...

The life insurance sector in India is at an “inflexion point” and is poised to grow due to a variety of good reasons.

Q3 updates reveal private banks focused on deposits while public sector banks drove loan growth. Slower credit growth and ...

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IPO will close on January 9, and the tentative date for listing of InVIT on the domestic stock exchange is January 14.

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However, growth for the financial year is projected to remain below FY24’s 8.2 per cent, with estimates for FY25 already ...

Securitisation volumes in India surged by 80% year-on-year, reaching Rs 68,000 crore in the December quarter. ICRA revised ...