Search For "mclr"
Linking bank deposit rates with repo rates to speed up transmission proces
Updated : 7 years ago IST
Mumbai (Maharashtra) [India], Mar 9 (ANI): State Bank of India (SBI) Chairman Rajnish Kumar said on Saturday that the country's biggest lender will link its rates of bank deposits for Rs 1 lakh and above with Reserve Bank of India's repo rate.
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Bank of Baroda reviews lending rates
Updated : 7 years, 9 months ago IST
New Delhi [India], June 06, (ANI): Bank of Baroda has reviewed its benchmark lending rates i.e. marginal cost of funds based lending rates (MCLR) across various tenors.
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SBI, PNB hike lending rates
Updated : 8 years ago IST
New Delhi [India], March 01 (ANI): The Punjab National Bank (PNB) on Thursday increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 15 bps, with immediate effect.
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RBI to link base rate with MCLR
Updated : 8 years, 1 month ago IST
New Delhi [India] February 8 (ANI): The Reserve Bank of India (RBI) on Thursday said that it will link the base rate with the Marginal Cost of Funds based Lending Rates (MCLR) from April 1 to ensure expeditious transmission of its policy rate to borrowers.
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RBI grants payment extension to select MSMEs
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 7 (ANI): In a bid to relieve Micro, Small and Medium Enterprises (MSMEs) of payment-related woes, the Reserve Bank of India (RBI) on Wednesday announced that select companies would be provided additional time to repay loans.
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Magicbricks generates 40,000 buyers for properties worth Rs. 5,000Cr
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 16 (ANI-NewsVoir): Signalling the revival of the customer sentiment, the third edition of Magicbricks Dream Homes Festival in association with ICICI Bank as the exclusive banking partner was a big success, as the month-long housing carnival generated nearly 40,000 inte
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RBI disappoints by keeping its rates unchanged: FICCI
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct 4 (ANI): Commenting on the monetary policy announced today President FICCI, Pankaj Patel has said that FICCI is disappointed that the MPC has chosen to hold the repo rate and not reduce it. FICCI had sought a 100 bps reduction in interest rate.
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SBI introduces two-tier interest rate structure, aims to maintain existing
Updated : 8 years, 6 months ago IST
New Delhi [India], July 31 (ANI): The State Bank of India (SBI) on Monday introduced a new two-tier interest rate structure on savings accounts, effective from July 31.
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