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LatestLY Sep 8
SBI Slashes MCLR by 10 Basis Points, Lowers 1-Year Lending Rate to 8.15% From 8.25% | Read full report
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Sanju Verma Aug 7
PLR is NOT the reference rate for most banks..reference rate is 1yr MCLR of SBI is 8.25% 2yr--8.35% 3yr--8.45% Home loan rate linked to MCLR@ SBI is 8.4%& Education loan is 10.25% Pls note--Education loans below Rs 4 lakh,are collateral free. Your data is not updated😑!
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IIFLMarkets Jun 12
IDBI Bank reduces by 5-10 bps across various tenors
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Sanju Verma 6 Jan 17
Replying to @Sanju_Verma_
Big beneficiary of ,going fwd,will be commoner,now that of biggies like ,HDFC,BOI&ICICIBank,down from 9% to 8-8.15%
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Tamal Bandyopadhyay Sep 4
Good bye . It walks down the path of base rate and BPLR. Come October, banks have no choice but to link all retail, personal and MSME loan rates to external benchmark — repo or T bill, mandates . . PSBs have started moving, let’s wait for pvt banks
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A Balasubramanian 1 Jan 17
2017 is beginning with low interest rate regime with cutting rate by 90 bps; has triggered a rally in bond mkt too
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Moneylife Aug 23
Banks to Pass on MCLR Rate Cuts to Borrowers & Launch External Benchmark Lined Loan Products: FM
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FinResearch Advisors Sep 6
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moneycontrol 5 Feb 18
Bank of Baroda reduces rates for tenors below one year
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Sanju Verma 5 Oct 16
Replying to @Sanju_Verma_
Will fall further?Yes,it will,bcoz since Jan 2015 REPO cut is 175bps but Banks have cut rates by only abt 70bps;,a reality:)
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Achal Kaushal Aug 28
India business headlines which are making a buzz today. There’s more to it...
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Sanju Verma 1 Sep 16
Replying to @Sanju_Verma_
Stage set for likely rate cut on 4th Oct;Monetary transmission on course,with for most banks in the 9.10-9.15% region
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Economic Times 5 Jun 18
. raises 1-year to 8.45% from 8.40%
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Economic Times 23 Nov 16
Will look at revising soon; Reviewing interest rates for deposits below Rs.1 cr:
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ET Wealth Nov 10
Indian Overseas Bank hikes by 0.05%
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Sanju Verma 5 Oct 16
lowers ,Marginal Cost Of Lending,to 9.05%,by 5bps,after the 25bps cut by y'day;5bps cut on a 20yr, 1Cr loan saves 78000
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Business Today 8 Jun 16
HDFC Bank cuts based lending rate by 0.05%
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Economic Times 4 Jul 16
. sets 1 year at 9.3% (ET Now)
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ET Finance 3 Apr 17
. cuts base rate by 15 bps, keeps unchanged
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Economic Times 1 Mar 18
may go up as hikes for the first time in 2 years
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