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Latest Articles in MCLR
DoT Amends Telecom Licence Norms To Relax Penal Provisions
Telecom firms were required to pay 4 per cent interest above the one-year MCLR of SBI and the interest was compounded monthly.
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Bank Of Baroda Cuts MCLR For Various Tenors By 0.05 %
The bank has approved the revision in MCLR with effect from June 12, 2021, the lender said in a regulatory filing.
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PNB Cuts One-Year MCLR By 0.05 %
The six-month and three-month tenor MCLRs were cut by 0.10 per cent each to 7 per cent and 6.80 per cent
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DCB Bank Cuts Benchmark One-Year MCLR By 0.18 %
The benchmark one-year MCLR has been cut to 9.67 per cent, the bank said in a release. It was 9.85 per cent earlier.
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SBI Reduces MCLR By 10 To 15 Basis Points Across All Tenors
Retail term deposit interest rates will be reduced by 10 basis points for one year and above tenor and 50 basis points for deposits up to 45 days.
Read MoreBoB, BoI Reduce MCLR Across Tenors
Bank of Baroda reduced the one-year marginal cost of funds based lending rates (MCLR) by 5 basis points to 8.25% while overnight and one-month MCLR were reduced by 20 basis points to 7.65 %.
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SBI Lowers Rates On Non-Repo-Linked Loans By 10 BPS
"In view of the festival season and extending the benefits to customers across all segments, we have reduced our MCLR by 10 bps across all tenors," the bank said in a statement.
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State Bank Of India Cuts Benchmark Lending Rates By 15 BPS
SBI's one-year marginal cost of fund-based lending rate, or the MCLR, will come down to 8.25 per cent per annum from 8.40 per cent earlier with effect from Aug. 10, SBI said in a statement.
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State Bank Of India Cuts Lending Rates, First Time In 10 Months
RBI is keen for banks to lower lending rates further to accelerate credit growth and private investment in an economy growing at its slowest in more than three years
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Why Buyers Are Still Shy
The market, however, is now driven by end-users, for whom property appreciation is not the main criteria
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PNB Revises Down MCLR By 0.10-0.15 Per Cent From 1 May
Public lender Punjab National Bank has revised down marginal cost based lending rates by 0.10- 0.15 per cent for various maturities effective today
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Lending Rate Cuts May Help Alleviate NPA Pains
The ongoing sharp reduction in lending rates will not be margin dilutive for the banks but rather help them tide over the bad loans pains as it will help the struggling corporates begin to pay back their loans, says a report by leading Wall Street brokerage Jefferies
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