Latest News on Mclr
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Mclr - Total results - 30
Jun 08, 2018
Two days after RBI hikes repo rate, Bank of India raises lending MCLR by 10 bps across various tenorsFollowing peers, state-owned Bank of India has hiked lending rates based on MCLR by 0.10 percent for various tenors.
Jun 06, 2018
RBI ups repo rate to 6.25% after four-and-a-half years; get ready to pay more on your home, auto loans soonThe RBI's decision to hike the repo rate will soon impact the common man, as banks will start raising their lending rates.
May 15, 2018
Jammu and Kashmir Bank announces reduction in interest rates on loans for women borrowersJammu and Kashmir Bank will also establish two 'Ladies Special Branches' - one each in Srinagar and Jammu. In housing loan segment, the bank has reduced the rate of interest by 10 to 40 basis points in non priority segment for women borrowers
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 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.