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    • Axis Bank hikes MCLR rates across tenors by 25 bps

      The country's third largest private sector lender in a communication on its website stated that the benchmark one-year MCLR is up by 25 basis points to 8.35 per cent with effect from October 18, 2022.

    • HDFC Bank hikes MCLR by 0.20 pc in third consecutive increase in rates

      This is the third such move by the lender in as many months since May, and takes the overall quantum of the rate hikes to 0.80 percent.

    • What happens to loan rates when banks hike MCLR? 5 key questions answered

      As banks have started hiking their marginal cost of fund-based lending rates, borrowers may have to shell out more to service their loan obligations, say analysts

    • ICICI Bank cuts MCLR by 5 bps across tenors

      Kotak Mahindra Bank also cut its MCLR by 10 basis points in select tenors

    • DCB Bank cuts MCLR rates by up to 0.57%

      DCB Bank has revised downward its MCLR across tenors with overnight loans attracting 8.35 per cent interest rates, down 0.25 per cent from earlier, the bank said in a filing to BSE.

    • SBI slashes bulk term deposit rates by 125-190 bps across tenors

      Speaking to CNBC-TV18 the state-owner bank's CFO Anshula Kant said the MCLR has been on a decline over the last few months considering weak credit offtake and fund inflows. She sees possibility of a steeper reduction in MCLR going forward.

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