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Marginal cost of funds-based lending rate (MCLR) News
Marginal cost of funds-based lending rate (MCLR)
Will Urjit Patel do what Raghuram Rajan couldn't? Convince banks to cut rates
Sun, Aug 21, 2016
Banks have been reluctant in cutting their lending rates for quite sometime.
HDFC Bank cuts two-year MCLR rate to 9.20% effective June 7
Thu, Jun 09, 2016
At the same time, the bank has also reduced Marginal Cost of Funds-based Lending Rate (MCLR) for one-month tenure to 9.95% from 9%.
RBI to review MCLR regime soon as banks sit tight on rates
Tue, Jun 07, 2016
The Governor said there is a paucity to some extent of credit demand from usual sources, which is why the banks are not in a great hurry to reduce rates either.
ICICI Bank revises lending rate by 0.05%
Wed, Jun 01, 2016
Under the new rate structure effective from Wednesday, the ICICI Bank will give out overnight loans to new borrowers at 8.95%, while the one-year MCLR, to which its housing loans are linked, now comes down to 9.15%.
After RBI push, DCB Bank reduces MCLR, base rate
Tue, Apr 26, 2016
MCLR for overnight lending has been slashed by 0.5% to 9.32% while it has been lowered by 0.2% to 9.72% effective May 4, DCB Bank said in a statement.