Tue, Jan 23, 2024
In January 2024, many banks have changed their Marginal Cost Best Lending Rate i.e. MCLR. Due to changes in this, the interest rates on home loan and personal loan also change.
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Fri, Dec 15, 2023
SBI MCLR hike: SBI increased its two-year MCLR from 8.65 per cent to 8.75 per cent. Also, the bank's three-year MCLR has been increased from 8.75 per cent to 8.85 per cent.
Thu, Jun 22, 2023
In an exclusive interaction with Zee Business, Asheesh Pandey talks about how the bank plans to recover loans and also enhance credit growth.
Thu, Jun 01, 2023
PNB MCLR hike: PNB has increased its overnight MCLR from 8 per cent to 8.1 per cent.
ICICI Bank MCLR: It is revised every month, taking into consideration the repo rate and other rates related to borrowing.
Tue, May 16, 2023
The RBI implemented MCLR on April 1, 2016, to determine rates of interest for loans.
Tue, Apr 11, 2023
Bank of Baroda (BANKBARODA) — India's second largest PSU lender after SBI — on Tuesday hiked its MCLR or marginal cost of funds-based lending rate for select tenors by five basis points, effective April 12. The hike in the key interest rate by Bank of Baroda comes days after the RBI announced a status quo on the repo rate though not committing to the end of hikes in the current cycle of monetary policy tightening.
Tue, Mar 14, 2023
The lending rate increases will be mostly in the marginal cost of funds-based lending rate (MCLR) segment of the credit market, India Ratings said in a report on Tuesday.
Wed, Mar 08, 2023
HDFC Bank MCLR 2023: HDFC Bank has hiked the Marginal Cost of Fund Based Lending Rate (MCLR) by 5 basis points across loan tenures. The revised rate came into effect from Tuesday, March 7 2023.
Sun, Feb 19, 2023
South Indian Bank MCLR Hike: As per the South Indian Bank’s filing, the overnight MCLR (MCLR) has been increased to 8.65 per cent and the one-month MCLR was raised to 8.70 per cent.
Thu, Feb 16, 2023
The latest hikes in the interest rates come days after the Reserve Bank of India (RBI) on February 8 increased the borrowing costs by 25 basis points (bps).
Wed, Feb 15, 2023
SBI MCLR: SBI's decision to hike MCLR follows the 25 basis point increase in the repo rate by the Reserve Bank of India (RBI) to 6.50 per cent last week.
Mon, Feb 13, 2023
Bank of Maharashtra’s MCLR hike is in line with the Reserve Bank of India’s rate hike. Last week, the RBI increased the repo rate by 25 basis points to 6.50 per cent.
Wed, Nov 16, 2022
For other tenor loans ranging from overnight to three year, the revised rates are in the range of 7.80-9.05 per cent, according to Kotak.
Tue, Oct 18, 2022
The country's third largest private sector lender in a communication on its website stated that the benchmark one-year MCLR is up by 25 basis points to 8.35 per cent with effect from October 18, 2022
The country's largest lender SBI has revised the MCLR for the benchmark one-year tenor to 7.95 per cent, up by 25 basis points from previous rate, which came to effect from October 15, 2022.
Sat, Sep 10, 2022
Bank of Baroda's one-year MCLR will be priced at 7.80 per cent against 7.70 per cent, the bank said in a regulatory filing.
Tue, Sep 06, 2022
The benchmark one-year MCLR will be 7.75 per cent against the existing rate of 7.65 per cent.
Fri, Sep 02, 2022
Besides, the lender also revised the treasury bills benchmark lending rate (TBLR) in the range of 5.55 per cent to 6.20 per cent for various tenors.
Thu, Jul 14, 2022
State Bank of India, the country's largest lender, has raised its marginal cost of funds based lending rate (MCLR) across all tenures. The decision to hike MCLR will lead to an increase in EMIs for borrowers.
Fri, Jul 08, 2022
HDFC Bank has given a blow to the customers. Now taking a loan from a bank has become costly. Bank has increased the MCLR rate by 0.20%.
Thu, Jul 07, 2022
The country's largest private sector lender HDFC Bank on Thursday announced a 0.20 per cent hike in its marginal cost of funding based lending rate across all tenors
Thu, Jun 30, 2022
State-owned Indian Bank on Thursday said it has raised the Marginal Cost of Funds based Lending Rates (MCLR) across tenors by 0.15 per cent with effect from Sunday
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