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NewsMarginal Cost of Funds based Lending Rate

Marginal Cost of Funds based Lending Rate News

15 May 2022

SBI hikes MCLR by 10 bps across tenures within 2 months: Check rates

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.

Punjab National Bank

28 Feb 2019

PNB cuts MCLR rates by 10 bps from March 1

The three-year MCLR has been cut to 8.65 percent.

United Bank of India

13 Sep 2018

United Bank of India increases MCLR by 5 basis points

The one-year MCLR has been increased to 8.85 percent from 8.80 percent.

rating agency ICRA

03 May 2016

Icra sees deposit growth inching up to 10-11% in FY17

Rating agency Icra has said bank deposit is going to see a modest growth of 10-11 percent in 2016-17 helped by realignment of small savings schemes but warned that there could likely be some redemption pressure of FCNR-B deposits maturing later in the year.

12 Apr 2016

Vijaya Bank cuts term deposit interest rates by 0.25%

The reduction in deposit rates will be?applicable for term deposits of different slabs from 91 days?to above five years maturity, it said in a release. The new deposit rates will be effective April 12, it said.

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