HDFC, Punjab National Bank hike lending rates; details here

<ul><li>Mortgage lender HDFC has increased its retail prime lending rate by 25 basis points to a minimum of 9.20 per cent. The second-biggest public sector lender, Punjab National Bank (PNB), increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 10 basis points across all tenure.</li></ul>

SBI hikes MCLR-based lending rates by 10 bps to 7.95-8.70%

<ul><li>While banks have almost fully passed on the 250 bps interest rate hikes by the Reserve Bank since last May, they have not yet increased deposit rates commensurately, leading to a funding gap and forcing them to borrow from the market.</li></ul>

A pause in rate hikes still appears far. This is what experts say your market strategy should be

The RBI governor's commentary on growth and inflation was optimistic. The RBI projected real GDP growth for 2023-24 at 6.4 percent while CPI inflation is projected at 5.3 percent for the same period.

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People who hate their homes — but love their low-interest fixed-rate mortgages — might want to consider a second lien.

Bank of Baroda hikes lending rate by up to 35 basis points; here are the details

<ul><li>The new rates will be effective from January 12, BoB said in a regulatory filing.</li></ul>

Indian Bank hikes lending rates by up to 25 basis points; check details

<ul><li>The new rates are effective from January 3, Indian Bank said in a regulatory filing.</li></ul>

Banks likely to remain on profitable path in New Year too with robust credit growth

Robust credit demand and high interest rate regime due to tight monetary conditions globally are also expected to help the profitability of the banks.

Indian banks may need to lift deposit rates as credit demand surges: RBI report

<ul><li>The Reserve Bank of India (RBI) has raised rates aggressively this year to tame inflation. While banks have swiftly transmitted the hikes to their lending rates, deposit rates have been laggards for most.</li></ul>

2022 in Review: 6 money lessons from this year to improve your finances in the new year

<ul><li>2022 has been a year of ups and downs. Here are some of the learnings we can take in 2023.</li></ul>

2022 in Review: Retail credit up 20%; more Indians opt for home loans despite high interest rates

The demand for credit remained high despite massive rate hikes. Additionally, as spending habits become increasingly digital, the use of cash is stagnating.

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HDFC, Punjab National Bank hike lending rates; details here

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