Which banks raised loan rates after the October 2026 repo hike?

As reported from the banks' exchange disclosures and media reports, PNB, Bank of Baroda, Indian Bank, Bank of India, Indian Overseas Bank, UCO Bank, Tamilnad Mercantile Bank and Karur Vysya Bank raised repo-linked rates by 25 basis points from 7 or 8 October 2026, and SBI raised its EBLR and RLLR by 25 basis points from 15 October. Confirm your own rate on your lender's website.

Has my HDFC, ICICI, Axis or Kotak loan rate gone up?

HDFC Bank cut its MCLR by 5 to 15 basis points from 7 October 2026, as reported by the media; we found no report of a change to its repo-linked rate. For ICICI, Axis and Kotak we found no reported October change as of 31 October 2026. That is not a guarantee, so check the bank's rate page or your loan statement.

Is the RBI's 3-day past-due rule for credit cards in effect now?

No. The RBI's amendment of 27 April 2026, which bars past-due bureau reporting and late charges until a payment is more than 3 days overdue, comes into force from 1 April 2027. Until then, pay by your due date.

Did credit card spending really fall in September 2026?

Yes, according to reports of RBI data: spends were about ₹2.04 lakh crore, down 5.9% from September 2025. Analysts attribute part of this to a record September 2025 base and festive buying shifting into October.

Does 16.9% personal loan growth mean unsecured loans are booming?

Not necessarily. RBI's personal loans category includes housing, vehicle and gold-backed loans, so the 16.9% figure for August 2026 is not a measure of unsecured cash loans alone.

Lending and credit card news October 2026: rates, card data, rules

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Lending and credit card news October 2026: rates, card data, rules | Spendzie