Dec 07, 2020 04:21 PM IST
The benchmark one-year MCLR has been cut to 9.67 percent, the bank said in a release. It was 9.85 percent earlier.
- Nov 30, 2020 08:07 PM IST
The revised rates will be in the range of 7.70-8.50 percent, it said.
- Oct 01, 2020 02:22 PM IST
Bank of India has reduced rates for an overnight tenor to 6.70 percent.
- Sep 14, 2020 07:40 PM IST
The city-based lender has cut the one-year MCLR to 7.10 percent from 7.15 percent, a release said.
- Sep 08, 2020 08:15 AM IST
Its peer Indian Overseas Bank (IOB) also said it will cut its MCLR by 10 basis points (bps) across all tenors effective September 10.
- Aug 10, 2020 03:49 PM IST
One-year MCLR now stands at 7.25 percent, down from 7.40 percent, the bank said in a regulatory filing.
- Aug 03, 2020 04:10 PM IST
According to the house economists at BofA Securities India, this high lending rate is the main reason for the steeply falling credit flows, which conversely also point to a deeper GDP contraction, accentuated by the pandemic.
- Jul 10, 2020 02:39 PM IST
The revised one-year MCLR stands at 7.40 percent against 7.60 percent earlier, the bank said in a release.
- Jul 01, 2020 08:30 PM IST
The Thrissur, Kerala-headquartered bank also cut its base rate by 0.75 percent to 9.50 percent, it said in a filing to the exchanges.
- Jun 10, 2020 06:25 PM IST
The recent cuts in MCLR by banks have come after the Reserve Bank of India (RBI) slashed repo rate by 40 basis points to 4 percent on May 22.
- Jun 05, 2020 10:38 AM IST
The nationwide survey of nearly 5,000 respondents threw up surprises on number of respondents opted for loan moratorium, planning to take personal loan, struggling to continue with investments and more.
- May 29, 2020 07:53 PM IST
The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.
- May 21, 2020 09:20 AM IST
A glimmer of hope comes in the form of reduced home loan rates
- May 08, 2020 08:44 PM IST
This is the eleventh consecutive rate cut announced by the bank since July 2019, a release said.
- Apr 29, 2020 07:55 PM IST
The bank has reduced its one-year MCLR by 30 basis points to 7.80 percent from existing 8.10 percent earlier, it said.
- Mar 11, 2020 10:40 AM IST
The bank has reduced its one-year MCLR by 10 basis points to 7.75 percent from 7.85 percent earlier, the SBI said.
- Feb 13, 2020 02:57 PM IST
The Asset Liability Management Committee of the bank has reviewed the existing MCLR and decided for a downward revision by 5 basis points (bps) across different MCLR tenors, the bank said in a regulatory filing.
- Feb 10, 2020 03:08 PM IST
With this reduction, the one-year MCLR has come down to 8.15 percent per annum from 8.25 percent, according to a bank statement.
- Feb 07, 2020 10:40 AM IST
With this reduction, the one-year marginal cost of fund-based rate (MCLR) has come down to 7.85 percent per annum from 7.90 percent, a bank statement said.
- Dec 30, 2019 06:23 PM IST
Accordingly, the revised MCLR would be 7.90 percent as against the existing 7.95 percent for overnight tenors.
- Dec 10, 2019 02:55 PM IST
The rate reduction comes even as the RBI in a surprise move had left the key policy rates unchanged at the last meeting on December 5.
- Dec 09, 2019 12:25 PM IST
"To pass on the benefit of our falling cost of funds to customers, we have reduced MCLR by 10 bps across all tenors," the bank said in a statement
- Nov 18, 2019 08:51 AM IST
If a borrower improves her credit score by repaying loans on time regularly, the risk premium will go down
- Nov 08, 2019 12:00 PM IST
With this reduction, the one year MCLR, to which most of its loan prices are linked, will come down to 8 per cent, the bank said in a statement.
- Oct 15, 2019 08:23 AM IST
The benchmark one-year tenor MCLR, which is used to price most of the consumer loans, has been brought down to 8.30 per cent from 8.40 per cent.