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Good news for SBI's loan customers

Interest rates on all loans linked to MCLR stand reduced by 5 bps with effect from May 10, 2019: SBI. The country's largest lender State Bank of India has cut its marginal cost-based lending rate......

Will your home loan EMI fall due to rate cut?

New borrowers will benefit if banks cut their MCLR. Older borrowers’ EMIs will change only when their reset date arrives Illustration: Uttam Ghosh/Rediff.com After RBI’s 25-basis-point......

Looking to transfer home loan? Read this

If you have availed a home loan from an NBFC, you can shift your existing home loan to a bank and benefit from the MCLR regime, suggests Ratan Choudhary, head - home loans, Paisabazaar.com.......

Banks don't want changes in MCLR calculation: RBI

Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad Banks are opposed to the move to link marginal......

SBI lowers base rate, to benefit nearly 80 lakh customers

Those who are on the old lending rate regimes and have not moved to MCLR, will be benefited from this reduction. The State Bank of India on Monday reduced the base rate and benchmark prime lending......

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What it means for you?

Banks including ICICI Bank Ltd, Bank of Baroda and Oriental Bank of Commerce, have cut their MCLR by 5-10 bps in July. The move comes after the... ...

https://www.hindustantimes.com/business-news/banks-cut-mclr-what-it-means-for-you/story-y5kY9O4XabMxuUw9SMRwXM.html

Sensex Slips Over 150 Points; Tata Steel & Tata Motors Top Losers

Posted by Equitymaster Share markets in India are presently trading on a negative note. Barring FMCG sector , all sectoral indices are trading in... ...

http://feeds.equitymaster.com/~r/TodaysMarket/~3/eSlCaxCQ7fI/tm.asp

Banks follow RBI cut, loan rates inch downward

Bankers said the revision in the MCLR will follow a reduction in deposit rates as the MCLR is calculated on the basis of cost of funds using a... ...

https://economictimes.indiatimes.com/wealth/personal-finance-news/banks-follow-rbi-cut-loan-rates-inch-downward/articleshow/70036998.cms

Your home loan to get a revamp as SBI links loan to repo rate

So far, all floating rate loans offered by SBI were linked to marginal cost of fund based lending rate (MCLR). Now, you will have the option to... ...

https://www.hindustantimes.com/business-news/your-home-loan-to-get-a-revamp-as-sbi-links-loan-to-repo-rate/story-rIP3oGEs81B8An1XLjfCaJ.html

Surplus or deficit? Why liquidity framework needs a revamp

Eight years ago, when Dr Manmohan Singh was serving his second term as Prime Minister and India’s retail inflation neared 9 per cent, the central... ...

https://economictimes.indiatimes.com/markets/stocks/news/surplus-or-deficit-why-indias-liquidity-framework-needs-a-revamp/articleshow/69952238.cms

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Mclr

News for Mclr

Good news for SBI's loan customers

Will your home loan EMI fall due to rate cut?

Looking to transfer home loan? Read this

Banks don't want changes in MCLR calculation: RBI

SBI lowers base rate, to benefit nearly 80 lakh customers

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