Page 3 - Mclr

Bank of Maharashtra slashes MCLR by up to 20 bps for select tenors

Besides MCLR, the bank has also cut its interest rate on gold loans offered to farmers and retail customers

UCO Bank reduces MCLR by 10 bps across tenors, effective August 10

The revised one-year MCLR stands at 7.40 per cent as against 7.50 per cent earlier, the bank said

HDFC Bank cuts MCLR by 10 bps across tenors, effective from today

After the rate reduction, its overnight MCLR stands reduced to 7%, while one-month MCLR is 7.05%, according to the HDFC Bank website

SBI reduces MCLR by 5-10 bps to 6.65% in the shorter tenors

SBI's MCLR continues to be the lowest in the market

SBI to cut MCLR by 25 basis points from June 10 across all tenors

The one year MCLR has been revised to 7 per cent from 7.25 per cent, the bank said in a release

Indian Overseas Bank cuts MCLR by 30 bps, to bring down interest on loans

IOB reduced its interest rate on loans linked to MCLR by 30 basis points in overnight tenor and by 20 bps in one month to one year tenors

Punjab National Bank reduces lending rate linked to repo by 40 bps

The bank's marginal cost of funds-based lending rate (MCLR) has also been revised downwards by 15 bps across all tenors.

Bank of Baroda trims MCLRs by 0.15% across tenors; cuts term deposit rates

Among other tenors, the MCLRs from overnight to six month loans have been cut by 0.15 per cent each in the range of 7.40-7.85 per cent

SBI reduces MCLR by 35 bps, cuts savings rate by 25 bps on all deposits

SBI rate cut: The savings rate has been reduced to 2.75 per cent from 3 per cent

SBI cuts MCLR for ninth straight month making auto, home loans cheaper

The bank also reduced interest rate on term deposits - retail and bulk - by 10-50 basis points (bps) across various tenors

Top headlines: WhatsApp Pay set for phased roll out in India, SBI cuts MCLR

From WhatsApp Pay's phased roll out in India to PhonePe's plans of creating world's biggest ATM network in India, here are the day's top headlines

UBI to cut MCLR across tenors by 10 bps, BoB to slash 1-month rate by 5 bps

Union Bank of India has reduced the MCLR by 10 basis points across all tenors with effect from January 11, 2020

Existing home loan borrowers must move to external benchmark loans

Yes, there will be some cost, but it will be limited to administrative and legal expenses

Bank of Baroda and HDFC Bank cut MCLR by 5 bps and 15 bps respectively

HDFC Bank had also cut its MCLR by 10 bps across tenures last month

Union Bank cuts MCLR 5-10 bps across tenors; one-year rate revised to 8.2%

One-year MCLR now stands at 8.20 per cent, down from 8.25 per cent, the public sector bank said

Top headlines: SBI's MCLR rate cut, Lodha India's richest realtor and more

This is the eighth cut in MCLR in this financial year and follows a 5 bps reduction last month

NTPC inks Rs 5,000 crore term-loan pact with SBI for capex spending

The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure of 15 years

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In 7th cut this year, SBI reduces MCLR by 5 bps across all tenors

Additionally, the lender has revised interest rates on term deposits with effect from November 10, 2019

Bank of Maharashtra cuts MCLR by 0.10% to 8.40% effective October 8

Base rate has been kept unchanged at 9.50 per cent per annum