Fri, Dec 07, 2018
In its December 2018 policy, RBI firmly said Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR) will be replaced by an external benchmark from April 2019.
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Tue, Sep 18, 2018
The only difference is that, base rate is determined by the average cost of funds, in contrast to the MCLR which depends on the current cost of funds.
Wed, Feb 14, 2018
On February 7, HDFC Bank increased MCLR by 10 basis points for some tenures, while Axis Bank in January 2018 had raised the benchmark by 5 basis points.
Thu, Sep 28, 2017
As per the new rates by Bank of Baroda, base rate will be 9.15% per annum as against existing 9.50% per annum.
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.
Fri, Oct 07, 2016
Following recent base rate cut moves by ICICI Bank and Bank of India (BOI), Kotak Mahindra Bank has now revised its base rate downward by 10 basis points to 9.40% per annum on Thursday.
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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