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SBI cuts lending rate, revises term deposit rates

The country's largest lender State Bank of India on Friday reduced its marginal cost of fund based lending rate (MCLR) by 5 basis points across all tenors, effective November 10, and sharply......

SBI cuts minimum lending rate for 6th time in one year

The State Bank of India on Wednesday announced a reduction in its marginal cost of fund based lending (MCLR) rate by 10 basis points across all tenures, effective October 10.  This is the......

Why linking loans to external benchmark won't be easy for banks

The debate on the merits or otherwise of external benchmarks also does not answer a fundamental question raised by Viral Acharya, the former deputy governor of RBI: “The issue is - who should......

'Loan takers are seen to be benefitting at the cost of depositors'

'If the interest rate on bank deposits is linked to any external benchmark, it would jeopardise the banks' fund-raising ability. 'Interest rates on small savings schemes are likely to be reduced......

SBI cuts lending rates by 10 bps to 8.15%, lowest in industry

To cash in on the forthcoming festive seasons and to better utilise the excess liquidity, State Bank of India announced the fifth rate cuts on Monday by another 10 basis points across tenures,......
  Web results for Mclr
Allahabad Bank cuts MCLR by 5 bps

The benchmark one-year Marginal Cost of Fund based Lending Rate (MCLR) has come down to 8.30 per cent from 8.35 per cent earlier, the bank said in... ...

https://economictimes.indiatimes.com/wealth/personal-finance-news/allahabad-bank-cuts-mclr-by-5-bps/articleshow/72512741.cms
Bank of Baroda lowers MCLR lending rates by 20 bps

The rate reduction comes even as the RBI in a surprise move had left the key policy rates unchanged at the last meeting on December 5. ...

https://www.moneycontrol.com/news/business/bankbaroda-lowers-mclr-lending-rates-by-20-bps_13258981.html
Bank of India cuts one-year MCLR rates by up to 20 bps

This makes the SBI rates the cheapest and this is the eighth consecutive lending rate reduction by the largest lender since the beginning of the... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-of-india-cuts-one-year-mclr-rates-by-up-to-20-bps/articleshow/72445079.cms
SBI shares up as the bank reduces MCLR by 10 bps

With the latest cut, SBI#39;s one-year MCLR comes down to 7.90 percent per annum from 8 percent with effect from 10th December 2019. ...

https://www.moneycontrol.com/news/buzzing-stocks/sbi-sharesasbank-reduces-mclr-by-10-bps_13255061.html
Paying high interest on home loans? Read this

By evaluating their loan rate against the best available every year, borrowers can achieve considerable savings over the entire tenor, suggests... ...

http://www.rediff.com/getahead/report/paying-high-interest-on-home-loans-read-this/20191209.htm

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