Diabytes
SBI lending rates News
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The SBI has now increased the one-year MCLR by 0.05 per cent to 9 per cent effective from Friday.
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SBI MCLR Loan Interest Rate: RBI implemented MCLR on 1 April 2016 to determine rates of interest for loans. Notably, the revised MCLR became effective on October 15.
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The new interest rates vary from 8.95 percent for overnight to 9.35 percent for 3 years, SBI said in a document posted on its website Thursday.
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The nation's largest lender State Bank of India Tuesday reduced its base rate by 15 basis points after the RBI cut repo rate by 25 basis points.
India's largest bank, the State Bank of India on Tuesday cut its base lending rates by 0.15 percent to 9.70 percent, to be effective from June 8.
Nudged by RBI, country's biggest bank SBI Tuesday cut base lending rate by 0.15 percentage point to 9.85 percent, becoming the first major lender to ease the rate in many months.
State Bank of India on Tuesday cut its lending rate by 15 basis points to 9.85 percent effective April 10.
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