Mclr

SBI announces 10 basis points hike in MCLR: Here's how it will impact your home, car loan EMIs

Introduced by the Reserve Bank of India in 2016, MCLR is the minimum interest at which banks can lend to their customers. MCLR is generally revised on a monthly basis

IOB, Bank of Maharashtra cut lending rates; personal, car and home loan EMIs to become cheaper

State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR)

SBI account holders to receive lower returns on savings deposits from today; lender slashes interest rate by 25 bps

The SBI was an offering interest of 3 percent on the savings deposits

Bank of Baroda slashes MCLR by 0.15% across tenors with effect from 12 April; consumer loans to become cheaper

Stock of Bank of Baroda closed 5.28 percent down at Rs 50.85 apiece on the BSE.

HDFC Bank cuts lending rate by 20 bps on decline in borrowing cost; one-year MCLR revises to 7.95%

Largest private sector lender HDFC Bank has cut its lending rate by 0.20 percent, amidst a gradual decline in the cost of borrowing across the system

SBI cuts savings bank deposits interest rate by 25 bps to 2.75%; reduces lending rate by 35 bps

The country's largest lender SBI on Tuesday said it has cut savings rate by 0.25 percent to 2.75 percent on all deposits

PNB, IOB cut lending rates by 75 bps effective today; PSBs to pass on repo rate cut benefit to their customers

State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced a reduction in their lending rates linked to the repo rate by 75 basis points, effective 1 April

Indian Bank cuts various lending rates from 1 April; PSU lender reduces 1-year MCLR by 15 bps to 8.10%

Indian Bank on Monday announced a cut its lending rates following a 0.75 percentage point reduction in the repo rate by the Reserve Bank last week

SBI cuts FD interest rates second time in a month, reduces MCLR by up to 15 bps; home, auto loans to become cheaper

The country's largest lender State Bank of India (SBI) on Wednesday said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenors, effective 10 March

Allahabad Bank cuts MCLR by 5 bps across tenors, no change in one-month MCLR of 7.85%; revised rates to be effective from tomorrow

The Asset Liability Management Committee of Allahabad Bank has reviewed the existing MCLR and decided for a downward revision by 5 basis points (bps) across different MCLR tenors.