SBI to cut MCLR by 25 bps across all tenors from Jun 10
The country's largest lender State Bank of India (SBI) on Monday announced it will reduce marginal cost of fund based lending rate (MCLR) by 25 basis points across all tenors from Wednesday. The one year MCLR has been revised to 7 per cent from 7.25 per cent, the bank said in a release.
This is the thirteenth consecutive reduction in the bank's MCLR. Source - PTI.