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  • DCB Bank cuts benchmark one-year MCLR by 0.18% Dec 07, 2020 04:21 PM IST

    DCB Bank cuts benchmark one-year MCLR by 0.18%

    The benchmark one-year MCLR has been cut to 9.67 percent, the bank said in a release. It was 9.85 percent earlier.

  • CSB Bank cuts MCLRs by 10 bps for tenures up to 6 months Nov 30, 2020 08:07 PM IST

    CSB Bank cuts MCLRs by 10 bps for tenures up to 6 months

    The revised rates will be in the range of 7.70-8.50 percent, it said.

  • ICICI Bank, Bank of India slash MCLR by 5 bps across tenors Oct 01, 2020 02:22 PM IST

    ICICI Bank, Bank of India slash MCLR by 5 bps across tenors

    Bank of India has reduced rates for an overnight tenor to 6.70 percent.

  • Central Bank of India reduces MCLR by 5 bps Sep 14, 2020 07:40 PM IST

    Central Bank of India reduces MCLR by 5 bps

    The city-based lender has cut the one-year MCLR to 7.10 percent from 7.15 percent, a release said.

  • Bank of Maharashtra, Indian Overseas Bank slash MCLR by up to 10 bps Sep 08, 2020 08:15 AM IST

    Bank of Maharashtra, Indian Overseas Bank slash MCLR by up to 10 bps

    Its peer Indian Overseas Bank (IOB) also said it will cut its MCLR by 10 basis points (bps) across all tenors effective September 10.

  • Union Bank of India reduces MCLR by up to 15bps across all tenors Aug 10, 2020 03:49 PM IST

    Union Bank of India reduces MCLR by up to 15bps across all tenors

    One-year MCLR now stands at 7.25 percent, down from 7.40 percent, the bank said in a regulatory filing.

  • Rising real lending rate roiling RBI rate cuts, scuppering credit offtake and growth: Report Aug 03, 2020 04:10 PM IST

    Rising real lending rate roiling RBI rate cuts, scuppering credit offtake and growth: Report

    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.

  • Union Bank of India reduces MCLR by 20 bps across tenors Jul 10, 2020 02:39 PM IST

    Union Bank of India reduces MCLR by 20 bps across tenors

    The revised one-year MCLR stands at 7.40 percent against 7.60 percent earlier, the bank said in a release.

  • CSB Bank cuts lending rates up to 0.90% Jul 01, 2020 08:30 PM IST

    CSB Bank cuts lending rates up to 0.90%

    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.

  • Bank of Baroda, Union Bank of India reduce lending rates across all tenors Jun 10, 2020 06:25 PM IST

    Bank of Baroda, Union Bank of India reduce lending rates across all tenors

    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.

  • Up to 72% respondents say they will soon take a personal loan to meet high-priority expenses: IndiaLends Survey Jun 05, 2020 10:38 AM IST

    Up to 72% respondents say they will soon take a personal loan to meet high-priority expenses: IndiaLends Survey

    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.

  • Bank of India cuts MCLR by 25 bps across all tenors May 29, 2020 07:53 PM IST

    Bank of India cuts MCLR by 25 bps across all tenors

    The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.

  • Booked your house before COVID struck? Here are your options May 21, 2020 09:20 AM IST

    Booked your house before COVID struck? Here are your options

    A glimmer of hope comes in the form of reduced home loan rates

  • Union Bank of India cuts MCLR by up to 15 bps across all tenors May 08, 2020 08:44 PM IST

    Union Bank of India cuts MCLR by up to 15 bps across all tenors

    This is the eleventh consecutive rate cut announced by the bank since July 2019, a release said.

  • Indian Bank cuts lending rate by 30 basis points Apr 29, 2020 07:55 PM IST

    Indian Bank cuts lending rate by 30 basis points

    The bank has reduced its one-year MCLR by 30 basis points to 7.80 percent from existing 8.10 percent earlier, it said.

  • SBI cuts MCLR by up to 15 bps across tenors Mar 11, 2020 10:40 AM IST

    SBI cuts MCLR by up to 15 bps across tenors

    The bank has reduced its one-year MCLR by 10 basis points to 7.75 percent from 7.85 percent earlier, the SBI said.

  • Allahabad Bank cuts MCLR by 5 bps across tenors Feb 13, 2020 02:57 PM IST

    Allahabad Bank cuts MCLR by 5 bps across tenors

    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.

  • Bank of Baroda cuts MCLR by up to 10 bps Feb 10, 2020 03:08 PM IST

    Bank of Baroda cuts MCLR by up to 10 bps

    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.

  • SBI cuts MCLR by 5 bps across tenors Feb 07, 2020 10:40 AM IST

    SBI cuts MCLR by 5 bps across tenors

    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.

  • Indian Bank to revise MCLR from January 3 Dec 30, 2019 06:23 PM IST

    Indian Bank to revise MCLR from January 3

    Accordingly, the revised MCLR would be 7.90 percent as against the existing 7.95 percent for overnight tenors.

  • Bank of Baroda lowers MCLR lending rates by 20 bps Dec 10, 2019 02:55 PM IST

    Bank of Baroda lowers MCLR lending rates by 20 bps

    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.

  • Cheaper home loans | SBI lowers MCLR-based lending rate by 10 bps; 8th consecutive cut in FY20 Dec 09, 2019 12:25 PM IST

    Cheaper home loans | SBI lowers MCLR-based lending rate by 10 bps; 8th consecutive cut in FY20

    "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

  • ‘This is the best time to switch from MCLR to repo-rate-linked home loans:’ Bank of Baroda Nov 18, 2019 08:51 AM IST

    ‘This is the best time to switch from MCLR to repo-rate-linked home loans:’ Bank of Baroda

    If a borrower improves her credit score by repaying loans on time regularly, the risk premium will go down

  • SBI steeply slashes deposit rates; lowers lending rates marginally Nov 08, 2019 12:00 PM IST

    SBI steeply slashes deposit rates; lowers lending rates marginally

    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.

  • Andhra Bank to cut MCLR by 10 bps across all tenors from today Oct 15, 2019 08:23 AM IST

    Andhra Bank to cut MCLR by 10 bps across all tenors from today

    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.

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