Sbi Rate Cut

High-end premium smartphones with top-end specifications from brands such as Apple, Samsung, and Google are available at discounted rates in the ongoing Flipkart's Big Dussehra Sale. Last year's iPhone 14 is listed with a price tag of Rs. 52,999, down from the original price of Rs. 69,900. The iPhone 14 Plus can be grabbed for Rs. 60,999, instead o...

SBI Home Loan Latest Rates: The State Bank of India (SBI) has reduced home loan interest rates to 6.7 per cent amid the festive season to support home loan customers.

State Bank of India's home loan interest rates now starts from 6.7 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans between Rs 30 lakh and Rs 75 lakh.

With this, SBI said its Marginal Cost-based Lending Rate continues to be at the lowest level in the market.

SBI saving deposits accounts with a balance of up to Rs 1 lakh will earn interest of 2.7 per cent, which is a reduction of 5 basis points compared to the existing interest rate of 2.75 per cent.

State Bank of India (SBI) on Friday announced a cut of 75 basis points in its lending rates, hours after the Reserve Bank of India (RBI) announced a reduction of the same magnitude in the repo rate. Repo rate is the key interest rate at which the regulator lends short-term funds to commercial banks such as SBI. In a statement late on Friday, the co...

Last month, the RBI maintained the status quo on monetary policy amid high inflation, in line with economists' expectations.

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 ...

The RBI's Monetary Policy Committee (MPC) had cut the benchmark lending rate (repo rate) by 25 bps to 5.15 per cent in October. However, after five consecutive rate cuts cumulatively amounting to 135 bps, the RBI kept the interest rates unchanged earlier this month. RBI Governor Shaktikanta Das had pointed out that against the repo rate cut of 135 ...

SBI's marginal cost-based lending rate or MCLR, the rate to which all of its home loans are linked, now stands at 7.90 per cent for the one-year tenor, down from 8.00 per cent earlier, according to SBI's statement.

SBI home loan EMIs: The move marked the eight consecutive reduction in MCLR by SBI so far this financial year.

The BSE Auto index shed 115 points or 0.4% at 17,810 and the BSE Bankex weakened by 275 points or 0.7 per cent at 36,147. In the auto space, Tata Motors lost 1.9%, Hero Motocorp lost 1.7%, M&M weakened by 0.3% and Maruti Suzuki shed 0.9%. In the banking space, SBI weakened by 1.6%, Axis Bank lost 1.3 per cent, ICICI Bank shed by 0.2 per cent and HD...

Growth of 4.2 per cent would be the lowest since authorities adopted a new base year for gross domestic product data in 2012.

SBI home loan rates: SBI's marginal cost-based lending rate or MCLR now stands at 8 per cent for the one-year tenor, down from 8.05 per cent earlier.

With this reduction, the one year MCLR, to which most of its loan prices are linked, will come down to 8 per cent, the bank said in a statement.

High-end premium smartphones with top-end specifications from brands such as Apple, Samsung, and Google are available at discounted rates in the ongoing Flipkart's Big Dussehra Sale. Last year's iPhone 14 is listed with a price tag of Rs. 52,999, down from the original price of Rs. 69,900. The iPhone 14 Plus can be grabbed for Rs. 60,999, instead o...

SBI Home Loan Latest Rates: The State Bank of India (SBI) has reduced home loan interest rates to 6.7 per cent amid the festive season to support home loan customers.

State Bank of India's home loan interest rates now starts from 6.7 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans between Rs 30 lakh and Rs 75 lakh.

With this, SBI said its Marginal Cost-based Lending Rate continues to be at the lowest level in the market.

SBI saving deposits accounts with a balance of up to Rs 1 lakh will earn interest of 2.7 per cent, which is a reduction of 5 basis points compared to the existing interest rate of 2.75 per cent.

State Bank of India (SBI) on Friday announced a cut of 75 basis points in its lending rates, hours after the Reserve Bank of India (RBI) announced a reduction of the same magnitude in the repo rate. Repo rate is the key interest rate at which the regulator lends short-term funds to commercial banks such as SBI. In a statement late on Friday, the co...

Last month, the RBI maintained the status quo on monetary policy amid high inflation, in line with economists' expectations.

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 ...

The RBI's Monetary Policy Committee (MPC) had cut the benchmark lending rate (repo rate) by 25 bps to 5.15 per cent in October. However, after five consecutive rate cuts cumulatively amounting to 135 bps, the RBI kept the interest rates unchanged earlier this month. RBI Governor Shaktikanta Das had pointed out that against the repo rate cut of 135 ...

SBI's marginal cost-based lending rate or MCLR, the rate to which all of its home loans are linked, now stands at 7.90 per cent for the one-year tenor, down from 8.00 per cent earlier, according to SBI's statement.

SBI home loan EMIs: The move marked the eight consecutive reduction in MCLR by SBI so far this financial year.

The BSE Auto index shed 115 points or 0.4% at 17,810 and the BSE Bankex weakened by 275 points or 0.7 per cent at 36,147. In the auto space, Tata Motors lost 1.9%, Hero Motocorp lost 1.7%, M&M weakened by 0.3% and Maruti Suzuki shed 0.9%. In the banking space, SBI weakened by 1.6%, Axis Bank lost 1.3 per cent, ICICI Bank shed by 0.2 per cent and HD...

Growth of 4.2 per cent would be the lowest since authorities adopted a new base year for gross domestic product data in 2012.

SBI home loan rates: SBI's marginal cost-based lending rate or MCLR now stands at 8 per cent for the one-year tenor, down from 8.05 per cent earlier.

With this reduction, the one year MCLR, to which most of its loan prices are linked, will come down to 8 per cent, the bank said in a statement.