SBI lending rate News

As of June 14, 2025, SBI’s Marginal Cost of Funds Based Lending Rate (MCLR) remains unchanged.

SBI’s latest hike in its Marginal Cost of Funds Based Lending Rate (MCLR) comes shortly after the RBI kept the repo rate steady at 6.5 per cent.

SBI increases key lending rate or MCLR by 10 bps from Feb 15. Bank also introduces a specific tenure scheme of 400 days with 7.10% interest. The marginal cost of funds-based lending rate or MCLR is the key lending rate to determine the interest rates of different types of loans.

SBI hikes lending rate by 50 basis points. RBI on Friday increased repo rate to 5.90%. Axis Bank also increases interest rates on FDs below Rs 2 crore.

The State Bank of India offered a Holi gift to its customers by increasing the interest rate given on fixed deposits.

Last week, the country's largest lender State Bank of India (SBI) reduced its lending rate for home and auto loans by 0.05 percentage point.

For two to less than three years deposits, SBI will offer a rate of 6.25 percent as compared to 6.75 percent earlier.

A day after SBI slashed its rate offering steeply, country's fourth biggest private sector lender Kotak Mahindra Bank on Monday announced a cut of up to 0.45 percent in its lending rates.

State Bank of India, the country`s biggest lender by assets, said on Sunday it had cut its lending rates by 90 basis points for maturities ranging from overnight to three-year tenures, after experiencing a surge in deposits.

Soon after reduction in repo rate by the Reserve Bank, country's largest lender State Bank of India (SBI) on Tuesday slashed minimum lending or base rate by 0.4 percent to 9.3 percent, setting the trend for benign interest rate regime.