HDFC Bank has cut its Marginal Cost of Funds Based Lending Rate (MCLR) by 30 basis points. In such a situation, the loan interest rates have been reduced by 0.30 percent. This reduction is applicable ...

Several major Indian banks, including PNB, Bank of Baroda, Indian Bank, and Canara Bank, have eliminated the requirement to maintain an Average Monthly Balance (AMB) in many or all savings accounts.