Wed, Dec 18, 2024
Banks Revise MCLR Rates: In December 2024, several banks have revised their Marginal Cost of Lending Rates (MCLR), which directly impact various loan rates like home loans and personal loans.
More >
Thu, Nov 07, 2024
The benchmark one-year tenor MCLR, which is used to price most consumer loans like auto and personal, has been retained at 9.45 per cent, according to the HDFC Bank website.
Sat, Feb 10, 2024
HDFC Bank has increased the benchmark marginal cost lending rate (MCLR). The lender has also increased the MCLR for loans of certain tenures, which has come into effect from January 8.
Fri, Jul 08, 2022
HDFC Bank has given a blow to the customers. Now taking a loan from a bank has become costly. Bank has increased the MCLR rate by 0.20%.
Thu, Jul 07, 2022
The country's largest private sector lender HDFC Bank on Thursday announced a 0.20 per cent hike in its marginal cost of funding based lending rate across all tenors
Thu, Jun 30, 2022
State-owned Indian Bank on Thursday said it has raised the Marginal Cost of Funds based Lending Rates (MCLR) across tenors by 0.15 per cent with effect from Sunday
Fri, Jun 10, 2022
After the increase in the repo rate by the Reserve Bank of India, other banks have also started increasing their interest rate.
Wed, Apr 20, 2022
State Bank of India (SBI) has increased the marginal cost lending rate (MCLR) by 10 basis points.
Mon, Sep 14, 2020
In a major development, Central Bank of India has reduced its 1-year MCLR from 7.15% to 7.10% and also reduces MCLR of other tenors by 5 bps w.e.f. 15th September 2020.
Sun, Sep 13, 2020
Union Bank of India has announced reduction in Marginal Cost of Funds- based Lending rate (MCLR) by 5 basis points across all tenors.
Mon, Aug 17, 2020
State-run Central Bank of India has reduced its marginal cost of funds based lending rate (MCLR) by 5 basis points across all tenors.
Mon, Aug 10, 2020
Revised MCLR will be effective from 11th Aug 2020.
Wed, Jun 10, 2020
Union Bank of India on Wednesday announced a reduction in its Marginal Cost of Funds- based Lending Rate (MCLR) by 10 points, across all tenors.
Sun, Jun 07, 2020
All new retail loans (housing, education, vehicle), credit to MSMEs are linked to RLLR.
Wed, May 06, 2020
The Pune-based bank further announced reduction in its marginal cost of funds based lending rates (MCLR) across all tenors by 10 basis points from Thursday.
Thu, Nov 07, 2019
HDFC Bank MCLR: Country's largest private sector bank, HDFC Bank, has cut its marginal-cost based lending rate (MCLR) for various tenors by up to 10 basis points (bps).
Wed, Oct 09, 2019
SBI today lowered its Marginal Cost of Funds based Lending Rate or MCLR by 10 basis points across all tenors.
Tue, Jul 30, 2019
State Bank of India (SBI) may cut its deposits rates for fresh funds across segments on Monday, in view of the falling interest rate scenario and surplus liquidity.
Sat, Jul 13, 2019
The benchmark one-year MCLR, which forms the basis of most consumer and personal loans will be at 8.6 per cent as compared with 8.65 per cent currently, said the bank statement.
Sun, Mar 10, 2019
The six-month MCLR will be priced at 8.50 per cent as against 8.60 per cent earlier while for three-month tenor it has been cut to 8.45 per cent from 8.50 per cent.
Tue, Mar 05, 2019
At least four PSU banks and one private bank will cut this week, said another banker. The RBI urged us to follow the rate cut and support the growth of the economy; some benefits can be passed without hurting our spreads and margins, observed the banker.
Tue, Dec 18, 2018
In its December 2018 policy, RBI firmly said Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR) will be replaced by an external benchmark from April 2019.
Fri, Dec 07, 2018
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
