It’s a free world but there are some rules so that someone’s freedom does not unfairly infringe upon someone else’s reputation and freedom. So, read these before you post your review.
We greatly appreciate your time and effort in posting their review and giving a rating. This space is for posting reviews by existing customer of a concerned bank. In order to keep things clean, some comments are best avoided and hence may not be approved by the moderator. These include those with abusive language, off the topic comments, anonymous comments, self or third party promotional items, comments by non-customers and external website links. We reserve the right to moderate or remove all comments posted here. Authorized representatives of banks and lenders are welcome, though not obligated to, respond to comments posted by customers.
07th Dec 16 Bank of India reduces its MCLR by 5 basis points
Bank of India has reduced its one month and six month marginal cost of lending rate by 5 basis points to 9.05 and 9.15 percent respectively. BoB has also reduced its one year MCLR rate to 9.25 percent from 9.30 percent earlier. Revised rates are effective from 7th December, 2016.
07th Dec 16 Bank of Baroda cuts MCLR by 20 basis points
Bank of Baroda has reduced its overnight and three months marginal cost of lending rate to 8.80 and 8.95 percent from 9 and 9.15 percent respectively. The bank has also reduced its one and five year lending rates by 20 basis points to 9.05 and 9.25 percent from 9.25 and 9.45 percent earlier. Revised rates are effective from 7th December, 2016.
07th Dec 16 HDFC Bank reduces its MCLR by 5 basis points
HDFC Bank has reduced its overnight marginal cost of lending rate by 5 basis points to 8.65 percent from 8.70 percent. The bank has also reduced its one month lending rate to 8.70 percent from 8.75 percent earlier. The new rates are effective from 7th December, 2016.
07th Dec 16 IDFC Bank cuts fixed deposit rates up to 75 basis points
IDFC Bank has reduced its fixed deposit rates up to ten year tenure by 30 to 75 basis points. The rate for 46 to 90 days has been reduced to 6.5 percent. Similarly, fixed deposit rates for 366 days and two to ten years now stands at 7.5 and 7.20 percent respectively. New rates are effective from 7th December, 2016.
07th Dec 16 Corporation Bank bags Best MSME Bank award
Corporation Bank has received Best MSME Bank award 2016. The award was instituted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) at SMEs Excellence Award 2016 held at New Delhi on 6th December, 2016. Banks in this category were evaluated on the basis of growth, technology, innovation, CSR activity, targets and quality in MSME sector.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at email@example.com to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.