Tag: #MCLR

SBI increases MCLR-based lending rates by 10 bps to 7.95–8.70%

February 16, 2023

MUMBAI: State Bank of India, the largest lender in the country, on Wednesday slightly raised the short-term lending rates spanning overnight to three-year maturities by 10 basis points (bps), effective immediately. Despite the fact that banks have nearly fully passed through the 250 basis point interest rate increases made by the Reserve Bank since last […]

SBI increases MCLR-based lending rates by 10 bps to 7.95–8.70%more

SBI announces MCLR deduction by 15 bps across various tenors.

March 11, 2020

On Wednesday, the nation’s largest lender State Bank of India (SBI), said that its marginal cost of fund-based lending rate (MCLR) has been reduced by up to 15 basis points across different tenors, effective March 10. The Bank’s one-year MCLR decreased from 7.85 per cent earlier by 10 basis points to 7.75%, said the SBI. […]

SBI announces MCLR deduction by 15 bps across various tenors.more

For all new housing loans, Banks are required to pass on rate cuts.

September 6, 2019

By Abhay Shah, Realty Quarter All banks have been obliged to link floating rates loan extended to retail and small businesses to the repo rate at which the lenders borrow from the RBI-or the Treasury bill rates from October 2019. The move comes in the days after banks in the public sector declared a slew of repo-linked loans after a nudge from Minister of […]

For all new housing loans, Banks are required to pass on rate cuts.more

The effects of the new RBI repo rate on Banks and NBFCs.

July 9, 2019

By Abhay Shah, Realty Quarter In June 2019, the RBI lowered its main policy rate, and in the calendar year 2019, it did it for the third time in a row. The repo rate was reduced by approximately 0.75% by 30 June 2019. While the repo rate by the RBI has declined by 0.75% […]

The effects of the new RBI repo rate on Banks and NBFCs.more

From July 1st SBI home loans will be linked with the repo rate.

June 15, 2019

By Abhay Harish Shah, Realty Quarter On Friday the State Bank of India (SBI), the largest mass-lender in the country, opened a unique era of customer credit transparency by connecting sales of their home financial goods with the amount used by the central bank to set a wider borrowing price in the industry. The lender said […]

From July 1st SBI home loans will be linked with the repo rate.more

Should you apply for a loan from an HFC or a bank? – Explained.

June 8, 2019

By Abhay Harish Shah, Realty Quarter Housing Finance companies (HFCs) are companies which are licensed to provide house loans under the NHB’s rules by the National Housing Board (NHB). On the other side, The Reserve Bank of India (RBI) regulates banks. New house buyers are often in a difficult situation to decide whether to apply for […]

Should you apply for a loan from an HFC or a bank? – Explained.more