mclr
How SBI, ICICI Bank cut MCLR will affect your home loans EMIs? read
A cut of 5-10 bps will not take down home loan interest rate instantly for the existing home loan borrower.
Banks make token rate cuts
On Tuesday, State Bank of India announced a cut in its marginal cost of funds-based lending rate (MCLR) by 5 bps across all tenors effective July 10.
IDBI Bank cuts MCLR by 5-10 bps across various tenors
The lender has reduced its one-year MCLR or the minimum lending rate to 8.95 per cent.
SBI cuts loan rates by 5 bps; posts Rs 838 crore income in Q4
Surprissingly, another state-owned lender, Bank of Baroda, announced that it has hiked its MCLR by 0.05 per cent with effect from May 7.
Bank of Baroda hikes MCLR by 0.05 pc
BoB has hiked the lending rates for overnight tenor to 8.30 per cent from the previous 8.25 per cent.
Following smaller peers, SBI cuts loan rates by marginal 5 bps
The new one-year marginal cost of funds-based lending rate is down to 8.50 per cent now from 8.55 per cent earlier.
Bank of Maharashtra lowers lending rates by a nominal 5 basis points
RBI had cut repo rate to 6 pc from 6.25 citing need to support growth in bi-monthly monetary policy announced on Thursday.
In a first, SBI links pricing of loans, deposits to repo rate
The repo rate is currently at 6.25 pc after the Feb 7 review where the central bank surprisingly lowered the repo rate by 25 bps.
Union Bank reduces lending rates by 10 bps
The bank has set the new six month MCLR at 8.50 per cent and two year at 8.70 per cent.
NTPC inks Rs 2,500 crore loan pact with HDFC Bank
The loan is extended at an interest rate linked to three-month marginal cost of funds-based lending rate (MCLR) of the bank.