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State Bank of India cuts MCLR By 10 bps effective September 10

State Bank of India reduced interest rates on time deposits across all maturities

SBI to link saving deposits, loan pricing to repo rate from May 1

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State Bank of India

1 min read Last Updated : Sep 09 2019 | 10:38 AM IST

State Bank of India (SBI) on Monday reduced the MCLR and interest rates on time deposits across all maturities.

The state-run lender, which is the country's largest bank, announced a reduction in the MCLR by 10 basis points (BPS), effective September 10.

SBI also cut retail term-deposit rates by 20-25 bps and cut bulk term-deposit rates by 10-20 bps, according to ET

Topics : sbi State Bank of India

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