State Bank Of India Cuts Key Interest Rate For Loans Up To 3 Months
Business | Edited by Sandeep Singh | Wednesday July 8, 2020
With this, SBI said its Marginal Cost-based Lending Rate continues to be at the lowest level in the market.
SBI Home Loans To Become Cheaper, Fixed Deposits To Fetch Lower Returns: 10 Points
Business | Edited by Sandeep Singh (with inputs from agencies) | Friday February 7, 2020
State Bank of India (SBI) on Friday announced a reduction in its MCLR or marginal cost of funding-based lending rates by 5 basis points across tenors, and a cut in its fixed deposit interest rates. That marked the ninth cut in the MCLR so far in the current fiscal year. The bank said the new rates for home loans and fixed deposits will take effect ...
SBI, ICICI Bank, PNB, OBC Lending Rates Hiked, Home Loan EMIs Set To Go Up
Business | NDTV Profit Team | Saturday June 9, 2018
State Bank of India, Punjab National Bank, ICICI Bank, Oriental Bank of Commerce, others raised the lending rates this month SBI MCLR marginal cost of lending rates Bank of India RBI repo rate FD interest rates interest rates across tenors
SBI Hikes Lending Rate For First Time Since April 2016, EMIs To Go Up
Business | NDTV Profit Team | Thursday March 1, 2018
SBI raised its lending rate on Thursday. Following this, PNB and ICICI Bank raised their marginal cost of funds based lending rates (MCLR)
Little Scope For More Easing Of Lending Rate, Says SBI Chief
Business | Press Trust of India | Thursday November 9, 2017
"For the time being we are in for much more stable interest rate," said Chairman Rajnish Kumar.
Kotak Mahindra Bank Cuts Lending Rates
Business | Press Trust of India | Monday January 2, 2017
The one year MCLR, which is used as the benchmark for a bulk of long-term consumer loans, has been reduced by 0.20 per cent while the maximum cut of 0.45 per cent has been effected in the one month and three month MCLRs.
Cheapest Home Loans In 6 Years As SBI Leads Cut In Lending Rates
Business | Tuesday January 3, 2017
SBI, the country's biggest lender by assets, cut its lending rates by 90 basis points for maturities ranging from overnight to three-year tenures.
State Bank Of India Cuts Lending Rate By 0.9% Across Maturities
Business | Thomson Reuters | Sunday January 1, 2017
After the move, its so-called overnight marginal cost of funds-based lending rate (MCLR) fell to 7.75 percent from 8.65 percent, while three-year loan rates will now be 8.15 percent from 9.05 percent previously.
Banks Revise Marginal Cost Of Funds-Based Rates For June
Business | Press Trust of India | Thursday June 2, 2016
Several lenders, including State Bank of India, Punjab National Bank, ICICI Bank and Canara Bank, on Wednesday revised their marginal cost of funds-based lending rates (MCLR) for June by up to 0.15 per cent for a one-year tenor.
State Bank Of India Revises Lending Rates Downwards
Business | Press Trust of India | Tuesday May 3, 2016
Making its loans cheaper, State Bank of India on Monday revised downwards its lending rates by 5 basis points to 9.15 per cent, based on marginal cost of funds.
SBI Cuts Home Loan Interest Rate
Business | Sunday April 12, 2015
State Bank of India (SBI) on Sunday announced a cut in home loan interest rate by up to 25 basis points, or 0.25 per cent, for new borrowers.
SBI rules out lending rate hike
Business | Friday August 30, 2013
Top private sector lenders such as ICICI Bank, Axis Bank and HDFC Bank have raised their base rates or the minimum lending rate following the recent tightening by the Reserve Bank to arrest the fall of the rupee since July 15.
SBI hints at cutting lending rate soon
Business | Tuesday October 30, 2012
Within hours of RBI slashing the Cash Reserve Ratio (CRR) by 0.25 per cent, State Bank (SBI) today hinted at a likely reduction in lending rates soon.
State Bank Of India Cuts Key Interest Rate For Loans Up To 3 Months
Business | Edited by Sandeep Singh | Wednesday July 8, 2020
With this, SBI said its Marginal Cost-based Lending Rate continues to be at the lowest level in the market.
SBI Home Loans To Become Cheaper, Fixed Deposits To Fetch Lower Returns: 10 Points
Business | Edited by Sandeep Singh (with inputs from agencies) | Friday February 7, 2020
State Bank of India (SBI) on Friday announced a reduction in its MCLR or marginal cost of funding-based lending rates by 5 basis points across tenors, and a cut in its fixed deposit interest rates. That marked the ninth cut in the MCLR so far in the current fiscal year. The bank said the new rates for home loans and fixed deposits will take effect ...
SBI, ICICI Bank, PNB, OBC Lending Rates Hiked, Home Loan EMIs Set To Go Up
Business | NDTV Profit Team | Saturday June 9, 2018
State Bank of India, Punjab National Bank, ICICI Bank, Oriental Bank of Commerce, others raised the lending rates this month SBI MCLR marginal cost of lending rates Bank of India RBI repo rate FD interest rates interest rates across tenors
SBI Hikes Lending Rate For First Time Since April 2016, EMIs To Go Up
Business | NDTV Profit Team | Thursday March 1, 2018
SBI raised its lending rate on Thursday. Following this, PNB and ICICI Bank raised their marginal cost of funds based lending rates (MCLR)
Little Scope For More Easing Of Lending Rate, Says SBI Chief
Business | Press Trust of India | Thursday November 9, 2017
"For the time being we are in for much more stable interest rate," said Chairman Rajnish Kumar.
Kotak Mahindra Bank Cuts Lending Rates
Business | Press Trust of India | Monday January 2, 2017
The one year MCLR, which is used as the benchmark for a bulk of long-term consumer loans, has been reduced by 0.20 per cent while the maximum cut of 0.45 per cent has been effected in the one month and three month MCLRs.
Cheapest Home Loans In 6 Years As SBI Leads Cut In Lending Rates
Business | Tuesday January 3, 2017
SBI, the country's biggest lender by assets, cut its lending rates by 90 basis points for maturities ranging from overnight to three-year tenures.
State Bank Of India Cuts Lending Rate By 0.9% Across Maturities
Business | Thomson Reuters | Sunday January 1, 2017
After the move, its so-called overnight marginal cost of funds-based lending rate (MCLR) fell to 7.75 percent from 8.65 percent, while three-year loan rates will now be 8.15 percent from 9.05 percent previously.
Banks Revise Marginal Cost Of Funds-Based Rates For June
Business | Press Trust of India | Thursday June 2, 2016
Several lenders, including State Bank of India, Punjab National Bank, ICICI Bank and Canara Bank, on Wednesday revised their marginal cost of funds-based lending rates (MCLR) for June by up to 0.15 per cent for a one-year tenor.
State Bank Of India Revises Lending Rates Downwards
Business | Press Trust of India | Tuesday May 3, 2016
Making its loans cheaper, State Bank of India on Monday revised downwards its lending rates by 5 basis points to 9.15 per cent, based on marginal cost of funds.
SBI Cuts Home Loan Interest Rate
Business | Sunday April 12, 2015
State Bank of India (SBI) on Sunday announced a cut in home loan interest rate by up to 25 basis points, or 0.25 per cent, for new borrowers.
SBI rules out lending rate hike
Business | Friday August 30, 2013
Top private sector lenders such as ICICI Bank, Axis Bank and HDFC Bank have raised their base rates or the minimum lending rate following the recent tightening by the Reserve Bank to arrest the fall of the rupee since July 15.
SBI hints at cutting lending rate soon
Business | Tuesday October 30, 2012
Within hours of RBI slashing the Cash Reserve Ratio (CRR) by 0.25 per cent, State Bank (SBI) today hinted at a likely reduction in lending rates soon.
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