Changes in EBLR & MCLR framework, interest rate charging mechanism and how reset dates are decided- RBI proposalRBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated entities. This initiative aims to ha...
Foreign banks show strongest rate transmission in current RBI easing cycle: BulletinForeign banks showed strongest policy easing transmission during the rate-cut cycle. They lowered lending rates more sharply than other ban...
Private banks may lead PSU peers in Q1 PAT show amid macro pressuresPrivate banks are expected to show stronger profit growth than public sector banks this quarter. Analysts predict private lenders' profits ...
Corporate loans outpace retailCorporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yie...
Deposit rates fall sharply by 30 bps in April as banks move to protect marginsIndian banks aggressively cut fresh deposit rates in April 2026 to protect margins, with the weighted average falling to 5.77%. Simultaneou...
HDFC Bank cuts MCLR by 20 bps across all tenorsAccording to the HDFC Bank website, its overnight MCLR stands reduced to 7.10 per cent, while one-month MCLR is 7.15 per cent. One-year MCL...
SBI cuts MCLR by 5-10 bps for short-term loans. Here are the latest ratesThis is the 14th consecutive reduction in the Bank’s MCLR. With this revision, SBI’s MCLR upto 3 months tenor comes down to 6.65 per cent p...
Bank of Baroda, Union Bank of India reduce lending ratesBank of Baroda has revised its one-year MCLR to 7.65 per cent from 7.80 per cent, a release said. In a separate release, UBI said its one-y...
Bank of Baroda, Union Bank of India reduce lending ratesBank of Baroda has revised its one-year MCLR to 7.65 per cent from 7.80 per cent, a release said. In a separate release, UBI said its one-y...
SBI cuts MCLR by 5 bps across all tenors, reduces fixed deposit ratesAfter the cut, the one-year MCLR comes down to 7.85 percent per annum from 7.90 percent per annum. According to SBI’s press release, this i...
SBI cuts MCLR by 5 bps across all tenors; reduces FD rates as wellThe new MCLR rates will be effective from November 10. After the cut, the one-year MCLR stands at 8 percent. According to SBI’s press relea...
OBC, IDBI Bank cut MCLR up to 15 basis pointsThe rate cut follows an MCLR cut by the country's largest lender SBI post the RBI's decision to reduce the key interest rate (repo) by 0.35...
SBI reduces MCLR by 15 bps across all tenorsThe 1 Year MCLR would come down to 8.25% p.a from 8.40% p.a. with effect from 10th Aug 2019.
SBI cuts MCLR across all tenors by 5 bpsWith today’s MCLR cut, the reduction in the home loan rates since April 10, 2019 till date is 15 bps.
How SBI home loan borrowers will save after the bank cut its lending ratesFor an existing borrower, the MCLR cuts in the previous 6 or 12 months matters as it will decide the new rate on the reset-date.
May see cut in interest rates in February by RBI as inflation eases: Vinod Kathuria, ED, Union Bank of India"These MCLRs have been reduced by most of the banks and others will follow soon depending upon their formula."
Don't expect major impact on net interest margins on the back of MCLR cut: Rajnish Kumar, SBIAfter Nov 8, there has been a huge flow of Current Account, Savings Account (CASA) deposits and SBI alone has deposit of almost Rs 1,40,000...