Fri, Nov 08, 2019
State Bank of India (SBI), India's largest public-sector lender, on Friday, announced that it has decreased the lending rates.
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Tue, Jul 09, 2019
Country's largest lender State Bank of India (SBI) has reduced its MCLR by 5 bps across all tenures with 1 Year rate down from 8.45% p.a. to 8.40% p.a. As a result, Interest rates on all loans linked to MCLR stand reduced by 5 bps with effect from 10th July 2019.
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.
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