Wed, Jan 03, 2018
Whenever SBI makes any changes either in savings or in lending rates, other banks follow the suit.
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Tue, Oct 31, 2017
MCLR was introduced on from April 2016 with an aim to ensure that the banks pass on the benefits of RBI's rate cut to their customer in faster pace.
Wed, Aug 02, 2017
RBI feels base rate has turned out to be cause of concern which is why it has appointed a group to study various aspects of the MCLR system.
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