Thu, Nov 07, 2019
HDFC Bank MCLR: Country's largest private sector bank, HDFC Bank, has cut its marginal-cost based lending rate (MCLR) for various tenors by up to 10 basis points (bps).
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Wed, Oct 09, 2019
SBI today lowered its Marginal Cost of Funds based Lending Rate or MCLR by 10 basis points across all tenors.
Tue, Jul 30, 2019
State Bank of India (SBI) may cut its deposits rates for fresh funds across segments on Monday, in view of the falling interest rate scenario and surplus liquidity.
Sat, Jul 13, 2019
The benchmark one-year MCLR, which forms the basis of most consumer and personal loans will be at 8.6 per cent as compared with 8.65 per cent currently, said the bank statement.
Sun, Mar 10, 2019
The six-month MCLR will be priced at 8.50 per cent as against 8.60 per cent earlier while for three-month tenor it has been cut to 8.45 per cent from 8.50 per cent.
Tue, Mar 05, 2019
At least four PSU banks and one private bank will cut this week, said another banker. The RBI urged us to follow the rate cut and support the growth of the economy; some benefits can be passed without hurting our spreads and margins, observed the banker.
Tue, Dec 18, 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.
Fri, Dec 07, 2018
Wed, Dec 05, 2018
RBI had stated several times, that banks are not passing the benefits of reductions in RBI policy repo rate to borrowers.
Tue, Oct 09, 2018
Crux of the matter: Why banks are not passing on the benefits of rate cuts to borrowers.
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.
Fri, Jun 08, 2018
The bank has increased MCLR rates by 10 bps (or 0.10 per cent) for various tenors, it said in a statement. "Bank of India has revised upward marginal cost-based lending rate for one-year at 8.50 per cent while overnight rate up by 10 bps at 7.90 per cent," the statement said.
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.
Mon, Jan 29, 2018
Credit growth will take at least two-three quarters to see a revival, while borrowing cost is not going to come down any time soon, said ex-SBI Chairman Arundhati Bhattacharya in an exclusive interview to Zee Business.
Wed, Jan 03, 2018
Whenever SBI makes any changes either in savings or in lending rates, other banks follow the suit.
Fri, Dec 29, 2017
Average base rate of NBFCs-MFIs which stood near 10.09% from April – June 2014 quarter, came down to 9.45% on December 2015, further to 9.41% by end of December 2016 and then to 9.06% in September 2017.
Wed, Nov 01, 2017
A day after slashing MCLR, the State Bank of India (SBI) also reduced its fixed deposits rate by 25 basis points for less than Rs 1 crore on various tenure with effects from Wednesday.
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, Oct 04, 2017
From June - till date, RBI has reduced the Statutory Liquidity Ratio by 100 basis points. SLR which stood at 20.5% before June will now reach to 19.50% from next week.
Fri, Sep 29, 2017
The panel has also approved the shift from pending lending rate (PLR) to marginal cost of funds based lending rate (MCLR) regime for calculation of interest on delayed payment of licence fees and spectrum usage changes plus 400 points.
Mon, Sep 25, 2017
Retail loan has less exposure in banks stressed assets and has been considered a favourable segment which can boost the lenders credit cycle.
Thu, Aug 17, 2017
A total of seven banks have revised interest rates on savings bank account between 25 basis points - 100 basis points on various minimum balance.
Fri, Aug 11, 2017
Since the start of fiscal year 2017-18 (FY18) all scheduled commercial banks (SCBs) business ( advances and deposits has seen decline in both year-to-date (YTD) and year-on-year (YoY) basis.
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