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MCLR

All SBI floating rate loans to be linked to repo rate from October 1

State Bank of India had introduced floating rate home loans effective July 1, 2019.

Sep 23, 2019, 12:07 PM IST

IDBI Bank cuts MCLR by 5-10 bps across various tenors

The lender has reduced its one-year MCLR or the minimum lending rate to 8.95 per cent.

Jun 12, 2019, 15:21 PM IST

Home loan customers can opt between Repo rate-linked and MCLR-linked loans: SBI MD PK Gupta

He added, in case of repo rate-linked home loan, you must repay a minimum 3 per cent of the principal loan amount every year.

Jun 12, 2019, 12:23 PM IST

SBI cuts MCLR by 5 bps across tenors

With this cut, 1-year MCLR has come down to 8.45 percent per annum from 8.5 percent.

May 10, 2019, 18:44 PM IST

Corporation Bank cuts benchmark lending rate by 5bps

The bank has reduced the lending rate by 5 basis points (0.05 percentage point) across all tenors up to one year.

Mar 15, 2019, 12:41 PM IST

RBI panel urges tougher line to get banks to pass on rate cuts

The five-member panel, set up by the RBI to look into why lenders were not passing on central bank rate cuts, said in a report on Wednesday that banks "deviated in an ad hoc manner from the specified methodologies" for calculating the lending rates in order to avoid passing on the RBI rate cuts.

Oct 05, 2017, 12:15 PM IST

RBI disappoints by keeping its rates unchanged: FICCI

 Real interest rates remain unduly high and a cut in policy and lending rates would have helped propel demand for interest sensitive sectors such as consumer durables, auto and housing

Oct 04, 2017, 18:57 PM IST

Dena Bank cuts MCLR lending rate by up to 20 bps

The loans with 3 & 6 month and 1 year tenors will have a reduced MCLR by 0.15 per cent each to 8.05 per cent, 8.20 per cent and 8.25 per cent each respectively.

Sep 29, 2017, 17:26 PM IST

Oriental Bank of Commerce cuts MCLR by 0.05% for select tenors

The bank said the change of MCLR will come into effect from September 11.

Sep 08, 2017, 19:48 PM IST

IMG on telecom favours spectrum auction next fiscal

In its report, the IMG has also recommended that the payments for spectrum be taken in 16 instalments (16 years) as against the current practice of 10 years, the source said.

Sep 01, 2017, 15:57 PM IST

IMG concludes report on telecom woes, some relief on plate

The inter-ministerial group looking into telecom companies' financial stress has finalised its report, outlining recommendations for providing relief to the debt-ridden sector.

Aug 31, 2017, 16:13 PM IST

After SBI, Bank of India also considering reduction in savings rate

Bank of India has said it is considering reducing the Savings Bank account rate on the lines of State Bank of India and also the interest rate on deposits.

Aug 21, 2017, 15:02 PM IST

Axis Bank cuts MCLR for short-term loans by up to 0.10%

For overnight and one-month lending, the MCLRs are cut by 0.10 percent each to 7.80 percent (each).

Jun 16, 2017, 20:06 PM IST

IDBI Bank cuts lending rate by up to 0.25%

State-run IDBI Bank on Tuesday cut its marginal cost of funds based lending rate (MCLR) by up to 0.25 per cent, further establishing the downward trend in interest rates due to the excess liquidity.

May 09, 2017, 23:47 PM IST

PNB revises down lending rate by 0.10-0.15%

Public lender Punjab National Bank has revised down marginal cost based lending rates by 0.10- 0.15 per cent for various maturities effective Monday.

May 01, 2017, 16:43 PM IST

PNB revises down MCLR by 0.10-0.15% from today

Public lender Punjab National Bank has revised down marginal cost based lending rates by 0.10- 0.15 per cent for various maturities effective Monday.

May 01, 2017, 16:42 PM IST

SBI cuts base rate by 15 bps, with effect from April 1

Bringing cheer to customers who have raised loans prior to April 1, 2016, the largest public lender State Bank of India (SBI) cut its base rate by 15 basis points (bps) to 9.10 per cent with effect from April 1, 2017.

Apr 03, 2017, 16:57 PM IST

Karnataka Bank revises MCLR

The overnight MCLR will be 0.50 percent less at 8.40 percent while for one month loan, it is being reduced by 0.55 percent to 8.45 percent, the bank said in a BSE filing.

Apr 01, 2017, 20:25 PM IST

Loans to be cheaper as Axis Bank cuts MCLR by up to 0.70%

Loans will soon be cheaper as country's third largest private sector lender Axis Bank on Friday cut its interest offering by up to 0.70 per cent. The latest rate cut is being seen as a move following similar moves by all the major players in the system due to high liquidity post demonetisation.

Jan 13, 2017, 16:43 PM IST

Reports on the options for cheap home loans

Reports on the options for cheap home loans. Watch this special segment and get to know more here.

Jan 13, 2017, 13:27 PM IST