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Total 117 results found. Search for [ SBI cuts MCLR ]

Results 1 to 21 of 117
Naveen Kumar
September 17, 2020
MCLR-linked home loans come with a reset period of one year, which SBI has reduced to six months. Although it is wise to go with the reduced reset period, there could be some pitfalls


Chitranjan Kumar
July 10, 2020
The slippages for five private sector banks - HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank - would be around 5 per cent for FY21, if refinancing remains a challenge


BusinessToday.In
July 8, 2020
MCLR up to three months tenor has now been reduced to 6.65 per cent from 6.75 per cent earlier. The move will boost the loan demand amid the coronavirus crisis in India


BusinessToday.In
June 8, 2020
SBI said that it has passed on the entire 40 bps repo rate cut announced by Reserve Bank of India on May 22


BusinessToday.In
New Delhi, June 7, 2020
IOB slashed the interest rate on loans linked to MCLR by 30 basis points in overnight tenor and by 20 bps in one month to one year tenors


Naveen Kumar
June 6, 2020
While some borrowers get benefits of repo rate cuts quickly, others have to wait longer depending upon the tenure and regime of their loan


BusinessToday.In
New Delhi, June 1, 2020
The one-year MCLR, to which a majority of loans such as residential mortgages and auto loans are tied now stands at 7.70 per cent


BusinessToday.In
New Delhi, May 27, 2020
The extension of moratorium and deferment of EMIs would give some respite to the borrowers amid coronavirus outbreak, says SBI


Naveen Kumar
New Delhi, May 27, 2020
Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank


Mudit Kapoor | Ashish Pandey
New Delhi, May 22, 2020
If the banks pass on the benefit and slash the marginal cost of funds based lending rates (MCLR), it may have a direct impact on the amount of equated monthly installment (EMI) customers pay for their loans


BusinessToday.In
New Delhi, May 9, 2020
SBI FD interest rates for senior citizens have been slashed by 20 bps as well. For tenor 7 days to 45 days, State Bank of India has changed the rates from 4 per cent to 3.80 per cent, while it has been changed to 4.80 per cent from 5 per cent for 46 days to 179 days tenor


BusinessToday.In
May 8, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


Rukmini Rao
New Delhi, May 7, 2020
HCL Technologies posted a flat growth for the fourth quarter at $2,543 million, while peers have reported negative numbers. The IT firm, however, refrained from providing any guidance


BusinessToday.In
New Delhi, May 7, 2020
Following the reduction in rates, the one year MCLR will now come down to 7.25 per cent per annum from 7.40 per cent, with effect from May 10, 2020


BusinessToday.In
New Delhi, April 9, 2020
Bank of Baroda said that the revised marginal cost of funds based lending rate (MCLR) will come into effect from April 12, 2020.


BusinessToday.In
New Delhi, April 7, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


Anand Adhikari
April 7, 2020
Banks generally offer 3-4 per cent on savings bank accounts. So what prompted the largest bank in the country to go for a savings rate cut?


BusinessToday.In
New Delhi, April 7, 2020
Following the reduction in rates, SBI savings accounts with balances up to Rs 1 lakh will earn interest rate of 2.75 per cent per annum, down from 3 per cent


BusinessToday.In
New Delhi, April 6, 2020
Canara Bank has reduced its marginal cost of funds based lending rates (MCLR) on loans and advances across all tenors by up to 35 basis points across tenors, effective April 7


BusinessToday.In
New Delhi, March 27, 2020
Following a 75 basis points reduction in interest rate, SBI's external benchmark linked lending rate (EBR) will come down to 7.05 per cent per annum from 7.80 per cent earlier


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