Diabytes
SBI MCLR News
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India's largest public sector SBI has announced its latest marginal cost of funds-based lending rate (MCLR) for March 15 and April 15, 2025 period. Check Detailed Table Below.
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The MCLR is the lowest interest rate at which a bank can make a loan to a customer.
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SBI's one-year MCLR was raised to 7.20 percent on May 15 from 7.10 percent previously.
The six-month MCLR has been increased from 7.05 percent to 7.15 percent.
RBI increased the policy repo rate to 4.4 percent from 4 percent earlier this month.
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The reduction in the retail loan rate by SBI is expected to prompt other lenders to go for a similar move.
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