Diabytes
Marginal Cost of Funds-based Lending Rate News
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SBI also adds a credit risk premium over the EBLR.
The bank has increased its Marginal Cost of funds-based Lending Rate (MCLR).
SBI hiked the interest rates by up to 20 basis points on domestic term deposits of below Rs 2 crore for select tenors.
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While MCLR has been reduced by up to 0.5 percent, the base rate has been cut by 0.06 percent.
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The new fiscal is likely to remain challenging for corporate India, and corporates are unlikely to take up new investments on weaker credit conditions than in 2015-16, India Ratings and Research (Ind-Ra) said
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