mclr
Saving deposit rate cuts to lead to lower lending rates: report
A cut in the MCLR beyond 0.35 per cent would become a margin dilutive proposition.
Bank of Maharashtra cuts MCLR rates by 0.05-0.15 per cent from monday
Base rate remains unchanged at 9.70 per cent per annum, Bank of Maharashtra said in a regulatory filing.
SBI cuts saving account rate by 0.5 pc on balance upto Rs 1 cr
SBI said revision of saving bank rate will enable the bank to maintain MCLR at existing rates.
DCB Bank cuts MCLR rates by up to 0.57 per cent
Banks have switched to MCLR as their new benchmark lending rate from June last year.
Canara Bank slashes MCLR by 0.05 per cent
The new MCLR will be 8.10 per cent, while for one month and three-month maturities MCLR is 8.15 per cent and 8.20 per cent resectively.
PNB revises down MCLR by 0.10-0.15 pc from today
The new MCLR for one-year tenure is 8.35 per cent and for three years, 8.50 per cent.
SBI reduces term deposit rates by up to 50 bps
SBI will offer a rate of 6.25 per cent as compared to 6.75 per cent earlier
State-run IDBI Bank reduces MCLR by 30-35 bps
Bank has reduced its minimum lending rate to 8.20 per cent from 8.50 per cent.
UCO Bank cuts lending rate by up to 0.8 per cent
MCLR for the 3-month period has been decreased by 0.8 percentage points to 8.40 per cent.
Bank of Baroda reduces MCLR by 75 basis point
New rates by Bank to be effective from January 7 and applicable toto all borrowed accounts.