Central Bank of India cuts MCLR by 5 bps across tenors, Real Estate News, ET RealEstate

MUMBAI: State-run Central Bank of India on Friday said it is reducing its marginal cost of funds based lending rate (MCLR) by 5 basis points across all tenors effective August 15. The bank has revised its one-year MCLR to 7.15 per cent from 7.20 per cent, it said in a release. Since April 1, 2020, […]

HDFC Bank cuts MCLR by 10 bps across tenors, Real Estate News, ET RealEstate

MUMBAI: HDFC Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all tenors with effect from Friday. According to the HDFC Bank website, post the rate cut, the overnight MCLR stands at 7 per cent, the one month tenor stands at 7.05 per cent while the three-month MCLR […]

Canara Bank slashes MCLR by up to 30 bps across various tenors, Real Estate News, ET RealEstate

NEW DELHI: State-owned Canara Bank on Thursday slashed its marginal cost of fund-based lending rate (MCLR) by up to 30 basis points across various tenors. The overnight and one-month lending rates have been cut by 20 basis points (bps) to 7 per cent each. The three-month MCLR has been revised to 7.15 per cent from […]

Union Bank of India reduces MCLR by 20 bps across tenors, Real Estate News, ET RealEstate

MUMBAI: State-run Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by 20 basis points across tenors. The new rates are applicable from July 11. The revised one-year MCLR stands at 7.40 per cent against 7.60 per cent earlier, the bank said in a release. Three-month and […]

SBI cuts MCLR by 5-10 bps for shorter tenors, Real Estate News, ET RealEstate

MUMBAI: The country’s largest lender State Bank of India (SBI) on Wednesday said it has reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points (bps) for shorter tenors from July 10. The reduction in MCLR for shorter tenors – up to three months – is aimed to boost credit off […]

Canara Bank, Bank of Maharashtra cut MCLR, Real Estate News, ET RealEstate

MUMBAI: State-run Canara Bank and Bank of Maharashtra on Monday announced reduction in their marginal cost of funds based lending rates (MCLR) by 10 basis points and 20 basis points, respectively, across all tenors, effective July 7. Bengaluru-based Canara Bank has cut its one-year MCLR to 7.55 per cent from 7.65 per cent earlier. Overnight […]

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