Mclr

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Mclr - Total results - 71
IOB, Bank of Maharashtra cut lending rates; personal, car and home loan EMIs to become cheaper
Business

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)

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

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
Business

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
Business

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%
Business

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
Business

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
Business

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.

Bank of Baroda cuts MCLR by up to 10 bps effective 12 February; home, auto loans to become cheaper
Business

Bank of Baroda cuts MCLR by up to 10 bps effective 12 February; home, auto loans to become cheaper

State-owned Bank of Baroda on Monday announced cut in its marginal cost of funds-based lending rates (MCLR) by up to 10 basis points, effective 12 February

SBI slashes interest on FDs from today; here are latest rates of various fixed deposit products of PSB
Business

SBI slashes interest on FDs from today; here are latest rates of various fixed deposit products of PSB

For the FDs maturing between 46 and 179 days, the interest rate has been slashed BY 50 bps. Now, these deposits will fetch an interest rate of 5 percent.

SBI cuts MCLR for ninth time in a row, home loans to become cheaper; cuts interest rate on fixed deposits too
Business

SBI cuts MCLR for ninth time in a row, home loans to become cheaper; cuts interest rate on fixed deposits too

SBI further said in view of surplus liquidity in the system, it has realigned its interest rate on retail term deposits and bulk term deposits, effective 10 February.

Banks cut MCLR after RBI keeps repo rates unchanged; here is a look at revised interest structure
Business

Banks cut MCLR after RBI keeps repo rates unchanged; here is a look at revised interest structure

On 9 December, the country's largest lender SBI announced the reduction in its marginal cost of MCLR by 10 basis points across all one-year products.

Bank of Baroda cuts one-year MCLR to 8.25% after repo rate unchanged in monetary policy review
Business

Bank of Baroda cuts one-year MCLR to 8.25% after repo rate unchanged in monetary policy review

The one-year MCLR is used as a benchmark for setting most of the personal loans such as home and auto

Bank of India cuts one-year MCLR rates by up to 20 bps; to be effective from today
Business

Bank of India cuts one-year MCLR rates by up to 20 bps; to be effective from today

Bank of India's new one-year MCLR is fixed at 8.20 percent as against 8.30 percent

SBI slashes deposit rates steeply, lowers lending rates marginally by 5 bps; to be effective from 10 November
Business

SBI slashes deposit rates steeply, lowers lending rates marginally by 5 bps; to be effective from 10 November

SBI also revised its interest rates on term deposits on account of adequate liquidity in the system. The new deposit rates will also be effective from 10 November.

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
Business

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper

About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month

SBI cuts savings bank account interest rate by 25 bps to 3.25%, slashes fixed deposits rates by up to 30 bps
Business

SBI cuts savings bank account interest rate by 25 bps to 3.25%, slashes fixed deposits rates by up to 30 bps

In view of the adequate liquidity in the system, the State Bank Group on Wednesday revised interest rate on savings bank deposits (with balances up to Rs 1 lakh) from 3.50 percent to 3.25 percent effective 1 November

SBI cuts lending rates by 10 bps, new rates to be effective from tomorrow; rate reduction not applicable to repo-linked loans
Business

SBI cuts lending rates by 10 bps, new rates to be effective from tomorrow; rate reduction not applicable to repo-linked loans

State Bank of India (SBI) on Wednesday announced reduction in its marginal cost of fund-based lending (MCLR) rate by 10 basis points across all tenors, effective 10 October