Latest News on Marginal Cost Of Funds Based Lending Rate
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Marginal Cost Of Funds Based Lending Rate - Total results - 4
Mar 01, 2018
EMIs on home, car loans set to rise as SBI raises lending rates to 8.15% from 7.95%; first hike since April 2016On Wednesday, SBI raised interest rates on domestic bulk term deposits across most maturities by up to 0.75 percent with immediate effect.
Feb 08, 2018
Planning to get a home or auto loan? You may soon end up paying more but there’s no reason for major worryBanks are preparing to cushion their earnings by gradually increasing their lending rates in backdrop of hardening bond yields over past few months
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.
Dec 18, 2015
RBI's new methodology of base rate calculation starting 1 April to usher in transparencyTo improve transparency and ensure speedier monetary policy transmission, the RBI said that all banks will have to follow a new uniform methodology from the next fiscal for calculation of base rate on the basis of the marginal cost of funds.