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MCLR DEFINITION
Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 c...- PNB, Bank of India reduce lending rates in September 2025: Check revised MCLR rates herePunjab National Bank and Bank of India have revised their MCLR, effective September 1, 2025. PNB reduced rates by up to 15 bps across tenur...
- Skewed transmission of rates makes it tough for borrowersReserve Bank of India (RBI) data showed that banks have promptly passed on the 140-basis-point increase in the repo rate in the first half ...
- SBI hikes MCLR by 10 bps on all types of loansAlmost all lenders are now likely to follow the SBI in raising their benchmark rates, with the Reserve Bank of India (RBI) likely tightenin...
- Telecom sector reforms ensure industry is able to invest fearlessly: Sunil Mittal"The latest reforms ensure that the industry is able to invest fearlessly and support India's digital ambitions. We also compliment the Min...
- There should be a pause in rate cutting in Aug: Prashant Kumar, SBIWe are quite comfortable on the liquidity side as a bank and also as an industry.
- Rise in bond yields may prompt India Inc to dump debt marketBank loans grew 13 per cent year-on year as on May 25 this year, the fastest growth rate in recent months.
- Companies prefer bond, commercial papers over banks for capitalBank disintermediation ensures that risks do not lie only with a clutch of small players.
- A look at the factors behind banks not passing benefits of RBI's rate cut to customersBanks and RBI have been at loggerheads for years on either passing on benefits of lower interest rates or raising rates to reflect RBI's ti...
- I think the base rate is a dying concept: Raj Kiran Rai G, Union Bank"Only 20% of my assets are at base rate because most of these accounts which were at base rate are gradually migrating to MCLR where the tr...
- 25 bps cut is on expected lines: Rajnish Kumar, SBIIn last 18 months, MCLR has moved almost by 140 bps, ponts out the SBI MD.
- Banks’ cost of funds falls sharply since DemonetisationBanking liquidity continues to be at a surplus of Rs 3 lakh crore currently.
- People are moving from an unorganised lending side towards formal credit: Harshil Mehta, DHFL"Post demonetisation what we did see in the month of November was some amount of spike in our cheques bounces."
- 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."
- Demonetisation impact sizeable on the SME side: Dipak Gupta, Joint MD, Kotak BankI am not really sure unless we finally see the numbers at the corporate end, how much it is impacting corporates really.
- Demonetisation: United Bank has seen Rs 5500 cr CASA accretion, says Pawan Kumar Bajaj“Whatever money is coming, I think 50% is going to stay with the banking system. So we expect at least 25 to 30 basis further cut in the MC...
- Don’t worry, the rate cut will be transmitted by banks: Arundhati Bhattacharya, SBIOn the first of every month, you should watch out to see what we are doing and definitely I think we will be transmitting more.
- In wait and watch mode for return of demand and growth of capex: Praveen Gupta, SBIHopefully GST could be the trigger which could lead to some of that demand coming in but we still need to wait and watch for that.
- Axis Bank rate cut unlikely to impact margins: Shikha Sharma"I think some of the other banks may have a one-year reset. On margin over MCLR, it’s obviously dependent on our risk profiling of the cust...
- Expect another 25 or 50 bps rate cut going forward: Rajnish Kumar, SBIOnce a call has been taken to cut the deposit rate by certain bps, the MCLR then is a derived value.
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