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SBI MCLR cut News
SBI MCLR cut
SBI loans to become cheaper - Check how and why
Fri, Nov 08, 2019
State Bank of India (SBI), India's largest public-sector lender, on Friday, announced that it has decreased the lending rates.
SBI MCLR cut by 5 bps to 8.40%! Interest rates on home loans, auto loans, personal loans comes down
Tue, Jul 09, 2019
Country's largest lender State Bank of India (SBI) has reduced its MCLR by 5 bps across all tenures with 1 Year rate down from 8.45% p.a. to 8.40% p.a. As a result, Interest rates on all loans linked to MCLR stand reduced by 5 bps with effect from 10th July 2019.
After SBI's 5 bps cut in MCLR; two more banks follow suit
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.