Sunday, Jun 26, 2022 | Last Update : 08:34 AM IST


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


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


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


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


Bank of India raises MCLR rates by 0.05 pc on two tenures

Punjab National Bank also increased its benchmark lending rates or MCLR last week.

11 Oct 2018 5:17 PM

Higher lending rates may spoil your festival plans

RBI might increase the repo rate for the third time this year by 25 basis points in its policy review.

02 Oct 2018 8:25 AM

HDFC Bank raises retail lending rate by 10 basis points

Punjab National Bank had increased its benchmark lending rates or MCLR for short-term loans by up to 0.2 per cent.

01 Oct 2018 4:41 PM

United Bank of India increases lending rate by 5 basis points

The one-year MCLR has been increased to 8.85 per cent from 8.80 per cent.

13 Sep 2018 12:40 PM

Bank of Baroda hikes MCLR by 5 bps across tenors

The rise in MCLR will make home, auto and other loans costlier for customers.

05 Sep 2018 4:30 PM


SBI hikes benchmark lending rate by 0.2 per cent

State Bank of India has increased the lending rate by 20 basis points across all tenors up to three years.

01 Sep 2018 11:19 AM

Bank of India hikes lending rate based on MCLR by 0.10 per cent

The bank has increased MCLR rates by 10 bps for various tenors, it said in a statement.

08 Jun 2018 1:34 PM

Bank of Baroda reviews lending rates

The Bank's 1-year MCLR will be 8.45 per cent, which is competitive as per the current market scenario.

06 Jun 2018 10:04 AM

SBI hikes lending rates by up to 20 bps to 8.15 per cent

This is the first lending revision by the bank since April 2016 and comes a day after it massively raised retail and bulk deposit rates.

01 Mar 2018 5:36 PM

Fiscal situation should be comfortable next financial year: Jaitley

Fiscal deficit or gap between total expenditure and revenues has been pegged at 3.3 per cent for the next fiscal.

10 Feb 2018 3:59 PM


RBI, Sebi need to be cognisant of market volatility: Urjit Patel

Stock markets have been on a sharp downslide this week, barring just one session, amid a global rout in equities.

10 Feb 2018 3:43 PM

SBI cuts base rate by 30 basis points

The move is likely to trigger a similar action from other public as well as private sector lenders in the coming days.

02 Jan 2018 1:34 AM

SBI lowers base rate, BPLR by 30 bps; leaves MCLR unchanged

Nation's largest lender revised down the base rate to 8.65 per cent for existing customers from 8.95 per cent.

01 Jan 2018 5:07 PM

OBC cuts MCLR by 0.05 per cent for select tenors

MCLR for overnight, and six-month lending have been kept unchanged at 8.10 per cent and 8.30 per cent.

09 Dec 2017 11:19 AM

RBI panel pushes new rules so lenders pass on rate cuts more quickly

The RBI has cut its policy rate by a total of 200 basis points from January 2015 to August 2017.

05 Oct 2017 5:44 PM


RBI panel suggests external benchmark rate in place of MCLR

Reserve Bank's policy repo rate are better suited than other interest rates to serve role of an external benchmark.

05 Oct 2017 9:52 AM

RBI comes down heavily on MCLR, moots external benchmark

The base rate/MCLR regime is also not in sync with global practices on pricing of bank loans.

04 Oct 2017 4:24 PM

Dena Bank cuts MCLR lending rate by up to 20 bps

The loans with 3 and 6 month and 1 year tenors will have a reduced MCLR by 0.15 per cent.

29 Sep 2017 5:26 PM

Union Bank, Dena Bank reduce MCLR rates

New one-year MCLR has been set at 8.20 per cent as against 8.40 per cent earlier.

01 Sep 2017 2:46 PM

Savings bank rate cut to up competition for HFCs from banks

HFCs will face a margin contraction in this segment limiting the spreads to absorb all the costs.

18 Aug 2017 7:02 PM


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.

13 Aug 2017 11:58 AM

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.

07 Aug 2017 8:02 PM

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.

31 Jul 2017 1:29 PM

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.

18 Jul 2017 7:27 PM

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.

06 Jun 2017 7:08 PM


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.

01 May 2017 4:24 PM

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

01 May 2017 12:27 PM

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.

06 Feb 2017 6:16 PM

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.

10 Jan 2017 4:27 PM

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.

05 Jan 2017 5:32 PM


Kotak Mahindra Bank cuts MCLR by up to 0.45 pc

Banks have moved to MCLR as their new benchmark lending rate from April 2016, replacing the base rate system for new borrowers.

02 Jan 2017 3:21 PM

SBI, PNB, UBI cuts lending rate by up to 0.9 per cent

SBI's lending rate for three-year tenure has been cut from 9.05 per cent to 8.15 per cent.

01 Jan 2017 3:49 PM

-1 of 3