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Total 83 results found. Search for [ SBI cuts MCLR ]

Results 1 to 21 of 83
BusinessToday.In
New Delhi, December 5, 2019
Since January 2014, RBI has reduced repo rate by 2.85 per cent to 5.15 per cent in October 2019. But, banks have not transferred this rate cut in entirety to consumers which is yet to be transmitted to retail borrowers


BusinessToday.In
New Delhi, December 3, 2019
When RBI cuts repo rate, it expects banks to pass on the benefit by lowering interest rates on all types of loans, including home loans and car loans


Anand Adhikari
Mumbai, November 9, 2019
A quarter of SBI's home loan customers in terms of the total home loan portfolio of Rs 3.72 lakh crore has clung to the old 'base rate' regime that charges higher interest rate


BusinessToday.In
New Delhi, November 8, 2019
SBI cuts MCLR: After the cut, MCLR for three-year period has come down to 8.20 per cent from 8.25 per cent.


BusinessToday.In
November 7, 2019
HDFC Bank had reduced MCLR across all tenors in August earlier this year. MCLR is the minimum lending rate below which a bank cannot extend lend


BusinessToday.In
New Delhi, October 11, 2019
SBI this week cut its lending rate by 10 basis points but also slashed interest rate on retail savings accounts by 25 bps


BusinessToday.In
New Delhi, October 10, 2019
The revised MCLR for overnight tenor stands at 8.05 per cent; 8.15 per cent for one month; 8.20 per cent for three months; 8.30 per cent for six months; and 8.40 per cent for one year


BusinessToday.In
October 9, 2019
One-year MCLR, to which all retail lending rates are pegged, will come down to 8.05 per cent from Thursday, compared to 8.15 per cent currently


BusinessToday.In
October 4, 2019
RBI repo rate cut: The repo rate cut is a great incentive for borrowers as all new floating rate loans are supposed to be linked to any of the four external benchmarks prescribed by the RBI from October 1.


Rajeev Dubey
New Delhi, September 23, 2019
This amount is nearly twice the Rs 70,000 crore Centre will spend from its own balance sheet in fiscal 20-21 to fund PSU banks


Naveen Kumar
September 23, 2019
If you become a borrower of loan with external benchmarking, you will not depend on the bank to tell you when your interest rate will change


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.


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