Wednesday, Nov 25, 2020 | Last Update : 05:57 AM IST

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.

07 Feb 2020 11:15 AM

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.

11 Dec 2019 1:41 AM

SBI steeply slashes deposit rates; lowers lending rates marginally

This is the seventh consecutive cut in lending rates by the bank this fiscal.

08 Nov 2019 11:45 AM

Bank of Maharashtra cuts MCLR by 0.10 per cent

Base rate has been kept unchanged at 9.50 per cent per annum.

10 Oct 2019 1:35 PM

SBI lowers rates on non-repo-linked loans by 10 bps

The rate reduction is not applicable to the repo-linked loans.

09 Oct 2019 10:46 AM

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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.

09 Sep 2019 11:09 AM

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.

05 Sep 2019 10:49 AM

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.

10 Aug 2019 1:24 AM

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.

08 Aug 2019 2:04 AM

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.

07 Aug 2019 2:45 PM

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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.

24 Jul 2019 1:21 PM

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.

10 Jul 2019 2:48 AM

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.

12 Jun 2019 3:39 PM

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.

11 May 2019 2:29 AM

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.

04 May 2019 3:03 PM

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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.

10 Apr 2019 8:38 AM

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.

06 Apr 2019 11:46 AM

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.

09 Mar 2019 12:17 PM

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.

02 Mar 2019 12:29 PM

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.

05 Feb 2019 5:21 PM

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