mclr
SBI cuts MCLR by 5 bps across tenors
The one-year MCLR has come down to 7.85 per cent per annum from 7.90 per cent.
Banks cut MCLR rates after RBI nudges on transmission
Bank of Baroda's one-year MCLR will be 8.25 per cent, 5 basis points (bps) below the exsisting level, effective December 12.
SBI steeply slashes deposit rates; lowers lending rates marginally
This is the seventh consecutive cut in lending rates by the bank this fiscal.
Bank of Maharashtra cuts MCLR by 0.10 per cent
Base rate has been kept unchanged at 9.50 per cent per annum.
SBI lowers rates on non-repo-linked loans by 10 bps
The rate reduction is not applicable to the repo-linked loans.
SBI reduces interest rates on fixed deposits, home loans
The one-year MCLR will come down to 8.15 per cent per annum from 8.25 per cent per annum from Tuesday.
RBI makes mandatory for banks to link retail loans with external benchmarks
A move aimed at ensuring faster transmission of policy rate cuts to borrowers.
Banks cut rates, to roll out repo-linked loans
Bank of India said that it has cut the one-year MCLR where more than 80 per cent of its loan book sits by 25 bps, effective August 10.
RBI cuts rate 0.35 per cent, EMIs set to fall
The 35 basis points (bps) cut in the repo rate is unusual, as the RBI has been changing the interest rate by 25 or 50 bps in the past.
SBI lowers lending rates by 15 bps from August 10
The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.