Finance blog

SBI MCLR

SBI MCLR hiked again by 5 basis points

State Bank of India (SBI), the country’s biggest lender, has officially hiked its MCLR (marginal cost of funds based lending rate) by 5 basis points after the Reserve Bank of India (RBI) decided to keep policy rates at the same levels in its bi-monthly monetary policy review that took place on the 5th of December, […]

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Base rates cut by State Bank of India

SBI (State Bank of India) has announced a new reduction in the base rate which is the previous benchmark for lending along with the Benchmark Prime Lending Rate or BPLR. The reduction is of 30 basis points. This move will definitely be a welcome development for those customers whose home loans are still tied to […]

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