mclr

Canara Bank slashes MCLR by up to 30 bps across various tenors

Canara Bank slashes MCLR by up to 30 bps across various tenors

New Delhi: State-owned Canara Bank on Thursday slashed its marginal cost of fund-based lending rate (MCLR) by up to 30 basis points acros...Read More

SBI cuts MCLR by up to 10 bps for shorter tenors

SBI cuts MCLR by up to 10 bps for shorter tenors

The country's largest lender State Bank of India (SBI) on Wednesday said it has reduced its marginal cost of funds-based lending rate (MC...Read More

J&K Bank cuts MCLR by 35 bps across tenures

J&K Bank cuts MCLR by 35 bps across tenures

Jammu & Kashmir Bank has cut its marginal cost of funds-based lending rates by 35 basis points across tenures, according to information o...Read More

Bank Of India slashes external benchmark lending rate by 75 bps

Bank Of India slashes external benchmark lending rate by 75 bps

Bank of India on Sunday said it has reduced the lending rate linked to external benchmark by 75 basis points (bps) to 7.25 per cent, effe...Read More

SBI cuts MCLR by up to 15 bps across tenors, effective March 10

SBI cuts MCLR by up to 15 bps across tenors, effective March 10

The bank has reduced its one-year MCLR by 10 basis points to 7.75 per cent from 7.85 per cent earlier, the SBI said.

SBI lowers MCLR based lending rates by 10 basis points

SBI lowers MCLR based lending rates by 10 basis points

Consequently, the bank's lending rates will be in the range of 7.65-8.20%.

SBI cuts saving bank account interest rate and fixed deposits

SBI cuts saving bank account interest rate and fixed deposits

New Delhi: The State Bank of India (SBI) on Wednesday cut interest rate on savings deposits, with a balance of upto Rs 1 lakh, by 25 bps ...Read More

‘RBI external benchmark for bank loans credit negative’

‘RBI external benchmark for bank loans credit negative’

"Currently, banks' floating rate loans are benchmarked to the Marginal Cost of Funds-based Lending Rates (MCLR).

Ahead of festivals, SBI again cuts lending rates by 10 bps

Ahead of festivals, SBI again cuts lending rates by 10 bps

One year MCLR, to which all the retail lending rates are linked to, has been reduced to 8.15 percent from 8.25 percent earlier.

Oriental Bank of Commerce cuts MCLR by up to 10 bps

Oriental Bank of Commerce cuts MCLR by up to 10 bps

MCLR for overnight and one-month loan tenor has been reduced by 10 bps to 8.20 per cent and 8.25 per cent, respectively

RBI review policy: Repo rate to interest rate all you need to know

RBI review policy: Repo rate to interest rate all you need to know

RBI today hiked the key rate for the first time in over four years — by 0.25 per cent — to curb inflationary pressure from high oil price...Read More

Demonetisation leads to multiple benefits, lower interest rates: PMO

Demonetisation leads to multiple benefits, lower interest rates: PMO

New Delhi: Banks have lowered their lending rates by about 1 per cent post demonetisation, the Prime Minister’s Office today said, citing...Read More

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SBI cuts lending rate, 1st time in 10 months

Mumbai : State Bank of India, the country’s top lender by assets, will cut marginal cost-based lending rates (MCLR) across maturities by ...Read More

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3 more banks cut lending rates by up to 1 per cent

New Delhi : Three more banks, including Syndicate Bank and Citi India on Friday reduced benchmark lending rates by up to 1 per cent, join...Read More

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Bhopal: Punjab & Sind bank loans get cheaper

BHOPAL: Punjab and Sindh Bank has slashed its interest rates (MCLR) on loans. The reduction in MCLR will be applicable on retail loans li...Read More

HDFC cuts home loan rates by up to 0.45 per cent

HDFC cuts home loan rates by up to 0.45 per cent

Mumbai : Taking cue from banks, country’s largest mortgage lender HDFC on Tuesday  reduced its home loan rates by up to 0.45 per cent.

Kotak Mahindra Bank cuts MCLR by up to 0.45 pc

Kotak Mahindra Bank cuts MCLR by up to 0.45 pc

Mumbai: A day after SBI slashed its rate offering steeply, country’s fourth biggest private sector lender Kotak Mahindra Bank today annou...Read More

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Banks to see fall in MCLR after demonetisation move

Mumbai : Bankers unanimously agree that lending rates based on marginal cost of funds are likely to fall, following the withdrawal of Rs ...Read More

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RBI policy broadly endorses govt estimates on growth, inflation, says Fin Ministry

New Delhi : The Finance Ministry on Tuesday said the RBI monetary policy is broadly in line with government’s expectations on growth and ...Read More

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ICICI cuts lending rate by 0.05 pc

Mumbai : Country’s largest private sector lender ICICI Bank today cut its marginal cost of funds-based lending rate (MCLR) by 0.05 per ce...Read More

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