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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,......

RBI mandates banks to link fresh retail loans to external benchmark

All public sector banks have moved to such a regime voluntarily, while private banks are yet to. The state-run banks have introduced repo-linked products for floating-rate home and auto loans, but......

How the mega banks' merger will affect you

Finance Minister Nirmala Sitharaman on Friday announced the mega merger of public sector banks. IMAGE: Finance Minister Nirmala Sitharaman addresses the media on August 30, 2019, while making the......

Housing finance cos to get Rs 20K cr liquidity support

The Rs 20,000 crore is in addition to Rs 10,000 crore support announced earlier by the housing sector regulator NHB. The government on Friday announced an additional Rs 20,000-crore liquidity......

Liquidity issues stopped banks from cutting rates: Axis Bank

It's not necessary to use only external benchmarks, there are multiple avenues to meet the requirement that the RBI wants, the bank said. Photograph: Anindito Mukherjee/Reuters Even as RBI......

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Corp Bank cuts MCLR

Corporation Bank has reduced its marginal cost of funds-based lending rate (MCLR) by 5-15 basis points with effect from September 15. The bank informe ...

https://www.thehindubusinessline.com/money-and-banking/corp-bank-cuts-mclr/article29410702.ece

Top news stories to watch out for on September 10, 2019

State Bank of India’s reduced MCLR is set to come into effect from September 10. The bank has reduced its Marginal Cost of Funds based Lending... ...

https://www.thehindubusinessline.com/news/top-five-news-stories-to-watch-out-for-on-september-10-2019/article29375325.ece

SBI cuts MCLR rates again. What it means for your home loan EMIs

SBI will revise its MCLR or marginal cost of funds based lending rate from tomorrow. Other banks are also likely to lower their MCLR rates business... ...

https://www.hindustantimes.com/business-news/sbi-cuts-mclr-rates-again-what-it-means-for-your-home-loan-emis/story-wNPRKKgXr1RLa0eKh6ShpL.html

Repo-linked home loan rates can be volatile

Repo-linked home loans have drastically reduced borrowing costs for customer. For instance, SBI's home loan rate dropped to 8.05% after it linked... ...

https://timesofindia.indiatimes.com/business/india-business/repo-linked-home-loan-rates-can-be-volatile/articleshow/70985798.cms

RBI makes it mandatory for banks to link retail, SME loans to external benchmark

Existing loans linked to the MCLR, Base Rate or BPLR will continue till repayment or renewal. ETMarkets.com | Updated: Sep 04, 2019, 09.39 PM IST... ...

https://economictimes.indiatimes.com/markets/stocks/news/rbi-makes-it-mandatory-for-banks-to-link-retail-sme-loans-to-external-benchmark/articleshow/70980644.cms

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Mclr

News for Mclr

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

RBI mandates banks to link fresh retail loans to external benchmark

How the mega banks' merger will affect you

Housing finance cos to get Rs 20K cr liquidity support

Liquidity issues stopped banks from cutting rates: Axis Bank

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