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Marginal Cost of Funds based Lending Rate

Impact of base rate, BPLR changes on your home loan EMIs

Impact of base rate, BPLR changes on your home loan EMIs

Wed, Jan 03, 2018

Whenever SBI makes any changes either in savings or in lending rates, other banks follow the suit.

After SBI's 5 bps cut in MCLR; two more banks follow suit

After SBI's 5 bps cut in MCLR; two more banks follow suit

Tue, Oct 31, 2017

MCLR was introduced on from April 2016 with an aim to ensure that the banks pass on the benefits of RBI's rate cut to their customer in faster pace.

Bi-monthly monetary policy: RBI says MCLR performance not 'entirely satisfactory'

Bi-monthly monetary policy: RBI says MCLR performance not 'entirely satisfactory'

Wed, Aug 02, 2017

RBI feels base rate has turned out to be cause of concern which is why it has appointed a group to study various aspects of the MCLR system.

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RBI's SLR cut may help bring down your EMIs

RBI's SLR cut may help bring down your EMIs

Wed, Jun 07, 2017

Any reduction in SLR gives more room to bankers for trimming interest rates. This would mean, if you are borrower your EMIs may come down further.

An era of low bank loan growth to India Inc may be here

An era of low bank loan growth to India Inc may be here

Tue, May 09, 2017

Almost all sectors saw a decline growth rate in credit disbursement FY17 with credit to industry being the lowest performer with a negative trend of 4.7% compared to 9% in FY12-16.

SBI reduces term deposit rates by up to 50 bps

SBI reduces term deposit rates by up to 50 bps

Mon, May 01, 2017

According to the new structure, for two to less than three years deposits, SBI will offer a rate of 6.25 per cent as compared to 6.75 per cent earlier, the bank said. For the similar maturity, the deposit rates for senior citizen have been cut to 6.75 per cent from 7.25 per cent.

Inflation impact: Say goodbye to your dreams of lower EMIs

Inflation impact: Say goodbye to your dreams of lower EMIs

Wed, Mar 15, 2017

India's wholesale and retail inflation has inched up to 6.55% and 3.65%, respectively for February 2017.

IFCI cuts benchmark lending rate by 75 basis points

IFCI cuts benchmark lending rate by 75 basis points

Sat, Jan 14, 2017

The company has reduced benchmark lending rate from 11.50 per cent to 10.75 per cent with monthly rests, IFCI said in a statement.

Axis bank cuts lending rates by upto 0.70%

Axis bank cuts lending rates by upto 0.70%

Sat, Jan 14, 2017

For loans of overnight tenure and one month, the new MCLR will be 7.90 per cent, and three-month tenure will attract a revised rate of 8.05 per cent, while those for six months, one year will be 8.15 percent and 8.25 per cent respectively.

UCO Bank cuts lending rate by up to 0.8%

UCO Bank cuts lending rate by up to 0.8%

Tue, Jan 10, 2017

Public sector lender UCO Bank today slashed its benchmark lending rate by up to 0.8 % in line with market competition. The bank has reduced marginal cost of funds based lending rate (MCLR) by 0.7 % to 8.60 % for 1 year tenor, UCO Bank said in a filing to stock exchanges.

Bank of Baroda, Bank of Maharashtra slash home loan rates across tenors

Bank of Baroda, Bank of Maharashtra slash home loan rates across tenors

Thu, Jan 05, 2017

Following other banks rate cut moves, Bank of Baroda and Bank of Maharashtra have lowered their home loan rates across tenors on Thursday.

United Bank of India trims MCLR rate by 90 basis points; shares gain

United Bank of India trims MCLR rate by 90 basis points; shares gain

Thu, Jan 05, 2017

Not only banks but NBFCs have been in a rate cut war. Both banks and NBFC have reduced MCLR in the range of 40 basis points - 90 basis points within just 4 days of January 2017.

Andhra Bank lowers home loan rates across various tenors; effective January 3

Andhra Bank lowers home loan rates across various tenors; effective January 3

Wed, Jan 04, 2017

Following several banks' rate cut moves in recent days, Andhra Bank has lowered its home loan rates across various tenors. The bank has revised marginal cost of funds based lending rate (MCLR) in the range of 8.45% to 8.65% for home loans with various tenors.

Bank of India, HDFC lower home loan rates

Bank of India, HDFC lower home loan rates

Tue, Jan 03, 2017

Following other banks rate cut move, Bank of India (BOI) and Housing Development Corporation of India (HDFC) have lowered their home loan rates. Bank of India (BOI) has set marginal cost of funds based lending rate (MCLR) for loans with one year tenor at 8.50%.

Here's how to convert Rs 1600 saving on your home loan EMI into Rs 17 lakh!

Here's how to convert Rs 1600 saving on your home loan EMI into Rs 17 lakh!

Tue, Jan 03, 2017

State Bank of India, reduced its MCLR rates by 0.90% points across all tenure loans

Planning to buy a house? We compare best home loans for you

Planning to buy a house? We compare best home loans for you

Tue, Jan 03, 2017

ICICI Bank on Monday announced a reduction of 0.70% benchmarks across tenures.

This is how much you will save on home loans with new rates

This is how much you will save on home loans with new rates

Mon, Jan 02, 2017

The new home loan rates are the lowest in the last six years.

SBI, IDBI, PNB shares in focus as banks slash MCLR rates

SBI, IDBI, PNB shares in focus as banks slash MCLR rates

Mon, Jan 02, 2017

Other private banks are likely to slash MCLR rates soon.

SBI slashes MCLR rate by 90 bps across maturities; effective January 1

SBI slashes MCLR rate by 90 bps across maturities; effective January 1

Sun, Jan 01, 2017

State Bank of India (SBI) on Sunday reduced its marginal cost of funds based lending rate (MCLR) by 90 basis points across maturities. The new rates will be effective from January 1, 2017, cited SBI in a press release.

IDBI Bank reduces MCLR for various tenors; effective from January 1

IDBI Bank reduces MCLR for various tenors; effective from January 1

Sat, Dec 31, 2016

State-run IDBI Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1. For overnight tenor, the bank has reduced its minimum lending rate to 8.50%.

Interest rates: Raghuram Rajan calls banks' bluff

Interest rates: Raghuram Rajan calls banks' bluff

Tue, Aug 09, 2016

Rajan said, "Earlier, some bankers said that it was the lack of liquidity that was holding rates high, now I hear from some that it is fear of the FCNR(B) redemptions that is making them reluctant to cut rates. I have a suspicion that some new concern will crop up once the FCNR(B) redemptions are behind us."

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