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We are not hiking lending rates yet: UBI
United Bank of India has decided not to increase its lending rates, yet. However, the bank is not ruling out a possibility of a hike later on, which will depend on the situation of cash reserve ratio. Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decide...
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ICICI and HDFC hike lending rates by upto 0.75 pc
Following the RBI rsquo;s hike in repo rate and CRR, the banks have reacted accordingly by hiking their lending and deposit rates. Major Banks like SBI, ICICI and HDFC have taken steps which would make all types of loans, home, auto and other retail loans more expensive for the Indian consumer. Thes...
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