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Home loans to get cheaper as SBI cuts MCLR by 25 bps

The bank also announced that it will reduce its external benchmark linked lending rate as well as repo linked lending rate by 40 basis points from July 1. Illustration: Uttam Ghosh/ The......

'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......

As SBI cuts rates, loans from the bank become cheaper

State Bank announced a 15 basis points reduction in its lending rates, effective August 10 across all tenors. Within hours of a steeper 35 basis points reduction in the repo rates by the Reserve......
  Web results for Rllr
Bank of Maharashtra cuts Repo Linked Lending Rate to 6.90 per cent

Bank of Maharashtra (BoM) has cut its Repo Linked Lending Rate (RLLR) to 6.90 per cent from 7.05 per cent earlier.The Pune-headquartered public sector ...
Indian Bank cuts one-year MCLR rate by 5 basis points

Most of the consumer loans such as personal, auto and home were priced on the basis of the one-year MCLR prior to the introduction of repo-linked... ...

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