Marginal Cost Of Funds Based Lending Rate

SBI slashes interest rate by 10 bps on housing loans up to Rs 30 lakh; cuts MCLR by 5 bps

The nation's largest lender State Bank of India on Tuesday reduced the lending rates by a marginal 5 basis points across all tenors, effective 10 April

EMIs on home, car loans set to rise as SBI raises lending rates to 8.15% from 7.95%; first hike since April 2016

On Wednesday, SBI raised interest rates on domestic bulk term deposits across most maturities by up to 0.75 percent with immediate effect.

Planning to get a home or auto loan? You may soon end up paying more but there’s no reason for major worry

Banks are preparing to cushion their earnings by gradually increasing their lending rates in backdrop of hardening bond yields over past few months

Policy rate transmission: RBI panel suggests external benchmark rate in place of existing MCLR

The 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.

RBI's new methodology of base rate calculation starting 1 April to usher in transparency

To 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.