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.
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
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.
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
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
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.
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.
The one-year MCLR is used as a benchmark for setting most of the personal loans such as home and auto
Bank of India's new one-year MCLR is fixed at 8.20 percent as against 8.30 percent
SBI lowers MCLR-based lending rates by 10 bps across all one-year products; eighth consecutive interest reduction this fiscal
The new one-year MCLR has been cut to 7.90 percent from 8 percent.
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
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
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
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