Latest News on Mclr
Showing of 0 - 10 from 25 results
Mclr - Total results - 25
Oct 09, 2017
RBI wants new system to set lending rate but will it stop greedy banks from cheating customers?It is not about the lending rate setting mechanism but about compliance by banks. They have always freely flouted rules under PLR, BPLR, MCLR and base rate systems
Oct 05, 2017
Policy rate transmission: RBI panel suggests external benchmark rate in place of existing MCLRThe study group set up by the RBI to review the working of the Marginal Cost of Funds Based Lending Rate (MCLR) system said that banks should allow existing borrowers to migrate to MCLR system without any conversion fee.
Sep 28, 2017
Inter-ministerial panel to discuss recommendations on measures to provide relief to the stressed telecom sectorThe Indian telecom industry, which is in the midst of an intense tariff war, owes a staggering Rs 4.6 lakh crore to various financial institutions and banks.
Sep 27, 2017
Telecom Commission to meet on 26 September to discuss the Trai act and financial stress in the sectorThe Indian telecom industry, which is in the midst of an intense tariff war, owes a staggering Rs 4.6 lakh crore to various financial institutions and banks.
Sep 08, 2017
Telecom Commission wants clarification and details on recommendations of IMGThe Telecom Commission sought clarification and more details on the recommendations of the inter-ministerial group on deferred spectrum payment liability.
Aug 02, 2017
RBI monetary policy: Central bank unsatisfied with MCLR, asks banks to lower rates furtherRBI has been repeatedly complaining about banks not doing enough to pass on the full benefit of its rate actions to the borrowers
Aug 02, 2017
RBI cuts repo rate by 25 bps: Industry gets what it wanted but households stand to lose againLower returns on deposits has already been triggered by State Bank of India (SBI) on savings deposits and this is a big blow considering that so far banks have been lowering term deposit rates but kept the savings rate unchanged.
Aug 01, 2017
SBI cuts savings deposit rate to 3.5%, lowest in 6 years; bank may rake in Rs 2,500 cr; rate war loomsSBI, however, will continue to pay 4 percent on savings bank accounts with deposits of above Rs 1 crore, and this creates a two-tier savings bank account interest rate which came into effect from Monday.
May 02, 2017
SBI cuts term deposit rates by up to 50 bps; new rates effective 29 AprilThe bank is offering highest rates of 6.90 per cent for one year to 455 days term deposits
Jan 07, 2017
Demonetisation: Arun Jaitley should take note; bank credit growth slowest since 1997Jaitley should take note that bank lending growth slowing to 19 year lows is real too and reflect what is going on at the ground in the economy