The State Bank of India has reduced its one MCLR tenure interest rate by 25 basis points, effective October 15.

According to the State Bank of India's website, the one-month Marginal Cost of Funds Based Lending Rate (MCLR) has been ...

As per the SBI official website, the MCLR for the selected tenure has slashed ahead of the festive season. However, the bank ...

The interest rate is then applied, and it varies according to repayment type — EMI or bullet repayment — and other factors. SBI offers personal and gold loans to its existing home loan ...

Several Indian banks have revised the marginal cost of lending rates (MCLR) – the minimum interest rate a financial ...

The new rates effective from October 15, will result in lower equated monthly instalments (EMIs) for borrowers with loans ...

RBI implemented MCLR on 1 April 2016 to determine rates of interest for loans. Notably, the revised MCLR became effective on ...

Economists expect a repo rate cut from December onwards because of the improving inflation outlook in India and the start of ...

State Bank of India has extended its special fixed deposit schemes, Amrit Kalash and Amrit Vrishti, which offer higher ...

State Bank of India (SBI), the country’s largest lender, has revised its marginal cost of funds-based lending rate (MCLR), effective from5, 2024. In a move that brings relief to short-term borrowers, ...

State Bank of India reportedly plans to hire 10,000 new employees and open 600 branches during the current financial year to ...

SBI has decreased the interest rate of one MCLR duration by 25 basis points (bps), while keeping the other rates the same.