Investment word of the day: Marginal cost of funds-based lending rate—what is MCLR and why does it matter to investors?
MCLR, introduced by the RBI in 2016, determines the minimum interest rate banks can lend, replacing the base rate system. It ...
RBI cut repo rate in Feb. Why did it take so long for banks to reduce interest rates?
The Reserve Bank of India (RBI) initiated the much-expected rate-cut cycle in February. The repo rate was cut from 6.5% to ...
How to easily check the status of your HDFC personal loan application
Easily track your HDFC personal loan status using the HDFC Loan Status Tracker, Loan Assist App, or NetBanking. Visit the ...
RBI pumped liquidity, cut rates, but loans cost same
RBI has injected over Rs 5 lakh crore into the banking system since mid-Jan to ensure surplus liquidity and support its rate ...