» 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

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.

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HDFC Bank cuts two-year MCLR rate to 9.20% effective June 7

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%.

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RBI to review MCLR regime soon as banks sit tight on rates

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.

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ICICI Bank revises lending rate by 0.05%

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%.

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After RBI push, DCB Bank reduces MCLR, base rate

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.

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