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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. 

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