Mumbai, Sep 11 The Union Bank of India will reduce the marginal cost of funds-based lending rate (MCLR) by up to 5 basis points across tenors. The reduced MCLR would come into effect on Friday. This is the 15th consecutive
Mumbai, Aug 10 The Union Bank of India on Monday announced a reduction in the marginal cost of funds-based lending rate (MCLR) by up to 15 basis points across tenors. The reduced MCLR would come into effect on Tuesday. This
Mumbai, Aug 7 HDFC Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all tenors with effect from Friday. According to the HDFC Bank website, post the rate cut, the overnight MCLR stands
Mumbai, Aug 3 ICICI Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across tenors with effect from August 1. Post the cut, EMIs on the loans linked to MCLR will come down giving
New Delhi, July 8 State Bank of India (SBI) on Wednesday announced reduction in its marginal cost of funds-based lending rates (MCLR) on loans by 5-10 basis points (bps) in the shorter tenors — up to three months — with
Mumbai, July 7 The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect. Following the reduction, MCLRs of the bank will range from 7.10 per cent
New Delhi, July 6 Canara Bank has reduced marginal cost of funds-based lending rate (MCLR) on loans and advances across all tenors with effect from July 7. The interest rate has come down by 10 basis points (bps). Accordingly, MCLRs
New Delhi, June 10 State-run lender Bank of Baroda on Wednesday said that it will reduce its benchmark lending rate across various tenors by 15 basis points. Accordingly, the bank will reduce its marginal cost of funds based lending rates
Mumbai, April 8 Lending major State Bank of India (SBI) on Tuesday reduced the marginal cost of funds-based lending rate (MCLR) by 35 basis points across tenors. In financial parlance, MCLR is an internal reference rate that commercial banks use to
Mumbai, March 11 The State Bank of India (SBI) here on Wednesday reduced the marginal cost of funds-based lending rate (MCLR) by 10-15 basis points across tenors. “The one-year MCLR comes down to 7.75 per cent from 7.85 per cent
New Delhi, Feb 8 Bank of India has reduced MCLR by 10 bps for maturities upto 6 months. The bank has reduced interest rates on housing loans, which will now be available from 8 per cent annually and vehicle loans
Mumbai, Sep 9 Country’s largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost-based lending rate or MCLR by 10 basis points across all tenors and has also reduced rates on term deposits. It
Mumbai, April 6 A day after the Reserve Bank of India (RBI) lowered its key lending rate, Bank of Maharashtra on Friday said it will reduce the benchmark marginal cost of funds based lending rate (MCLR) by 5 basis points
Mumbai, June 6 State-owned Bank of Baroda on Tuesday said it will hike its benchmark marginal cost of funds based lending rate (MCLR) by 5 basis points, across various tenures from June 7. “The bank’s 1-year MCLR will be 8.45
Mumbai, Jan 2 AWith major infusion of fresh liquidity arising from the demonetisation measure, state-run State Bank of India said on Sunday it had cut its lending rates by 90 basis points for maturities ranging from overnight to three-year tenures,
Punjab National Bank has decided to reduce its Overnight MCLR to 8.20% w.e.f. 01.01.2017. Since November, 2016, the reduction in MCLR is 85 bps. Detail placed below :- MCLR TENOR Existing Revised w.e.f. 01.01.17 Overnight 8.90% 8.20% One month 8.95%
Punjab National Bank has reduced Marginal Cost of Funds Based Lending Rate (MCLR) by 5 bps in all maturities with effect from 01.11.2016 as under:- TENOR Existing Revised w.e.f. 01.11.16 Overnight 9.05 9.00 One month 9.10 9.05 Three month 9.20
Chennai, Oct 6 Three public sector banks — Indian Overseas Bank (IOB), Bank of India and Syndicate Bank — on Wednesday announced reduction in their marginal cost of funds-based lending rate (MCLR) for various tenors.City-based IOB, in a statement issued
PUNJAB NATIONAL BANK has reduced Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01.10.2016 as under:- TENOR Existing Revised w.e.f. 01.10.16 Overnight 9.10 9.05 One month 9.15 9.10 Three month 9.25 9.20 Six month 9.30 9.25
Mumbai, July 30 (IANS) State-run lender Punjab National Bank (PNB) on Saturday said that it will reduce its marginal cost of funds-based lending rate (MCLR) from August 1. The bank said in a regulatory filing to BSE that it will reduce
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