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Total 91 results found. Search for [ SBI cuts MCLR ]

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BusinessToday.In
New Delhi, September 11, 2019
Under the revised rule, if someone does not maintain Rs 3,000 as average monthly balance and falls short by 50 per cent (that is Rs 1,500) the individual will be charged Rs 10 plus GST.


BusinessToday.In
September 10, 2019
One year MCLR (marginal cost of funds-based lending rate), to which all the retail lending rates are pegged, stands at 8.15 per cent with effect from Tuesday, from 8.25 per cent earlier.


Anand Adhikari
September 10, 2019
The largest bank in the country, the State Bank of India (SBI), has slashed its retail term deposit rate twice in the last fortnight for less than Rs 2 crore deposit category.


BusinessToday.In
New Delhi, September 9, 2019
Catch top stories today from the world of business and economy with BusinessToday.In end of day (EOD) report


BusinessToday.In
New Delhi, September 9, 2019
SBI rate cuts: The new rates will be effective from Tuesday. This is the third rate reduction announced by SBI in the current fiscal year.


BusinessToday.In
New Delhi, September 4, 2019
The move will make home loans and auto loans cheaper from October onward as the banks will now be forced to pass on the multiple rate cuts the RBI has made in recent monetary policy meetings


BusinessToday.In
New Delhi, September 2, 2019
Indian Bank has announced reduction in its marginal cost of funds based lending rates (MCLRs) by 15 basis points across all tenors. The revised rates will be effective from September 3, 2019


BusinessToday.In
New Delhi, August 27, 2019
Presently, banks price their loans based on their marginal cost of funds-based lending rate (MCLR). Now, customers will have the option to select between MCLR linked rate or a repo rate linked to the external benchmark


BusinessToday.In
August 26, 2019
SBI, RBL Bank, ICICI Bank, HDFC Bank, Axis Bank, YES Bank and Kotak Mahindra Bank were the top  gainers in the banking sector.


Anand Adhikari
August 21, 2019
Earlier this month, the RBI cut repo rate by another 35 basis points to 5.4 per cent, taking the total repo rate reduction to 110 basis points. While new borrowers did get advantage of lower rates, existing borrowers have been left out


PTI
New Delhi, August 17, 2019
PSB has lowered MCLR on overnight, one-month, three-month and six-month duration loans by 0.15 percent to 8.20 percent, 8.30 percent, 8.40 per cent and 8.50 percent, respectively


BusinessToday.In
August 10, 2019
The PSU banks which have announced the decision to link their lending and deposit rates are Syndicate Bank, Bank of India, Union Bank and Allahabad Bank.


Niti Kiran
August 7, 2019
The RBI reversed the trend in the repo rate in January 2014. Since then, the central bank has reduced rates 11 times but raised briefly twice by 50 basis points between June 2018 and August 2018


BusinessToday.In
August 7, 2019
RBI repo rate cut: Data of the last five years shows that the RBI reduced rates by 2.6 per cent, including the latest cut, but banks have so far passed on less than half of it to customers


Manoj Sharma and Mudit Kapoor
New Delhi, August 7, 2019
While the RBI cut repo rate by 2.6 per cent since 2014, SBI cut its floating rate by 1.1 per cent only; experts cite a slowdown in household savings, bad loans, and persistent liquidity crunch in NBFC as reason for slow transmission


BusinessToday.In
New Delhi, August 7, 2019
SBI has cut its MCLR for one-year tenure by 15 bps to 8.25% per annum from 8.40% earlier; the two-years MCLR comes down to 8.35% per annum, from 8.50% annum, while rates for three-years has been slashed to 8.45%


PTI
New Delhi, July 9, 2019
The new rates, effective Wednesday, is the third reduction by SBI in this financial year, having cut the rates by 5 bps each in April and May, while its home loan rates has come down by 20 bps during this period.


BusinessToday.In
New Delhi, July 3, 2019
According to PNB's official website, the bank has lowered the interest rate on maturities with tenure of 7-14 days and 15 to 29 days.


BusinessToday.In
June 6, 2019
The State Bank of India had taken the lead in linking the interest rate applicable on savings account deposits over Rs 1 lakh as well as its short term loans to the RBI repo rate with effect from May 1 to ensure faster monetary transmission


BusinessToday.In
June 6, 2019
RBI MPC: The monetary policy committee's decision to cut the repo rate for the third consecutive time will give a breather to the battered real estate sector, which continues to grapple with a liquidity crisis along with issues like delayed housing projects and piling up inventory.


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