SBI cuts MCLR by 35 bps across all tenors from Apr 101 min read . Updated: 07 Apr 2020, 06:10 PM IST
- The one-year MCLR comes down to 7.40% per annum from 7.75% per with effect from April 10, 2020
- This is the eleventh consecutive cut in MCLR in FY 2019-20.
India’s largest bank State Bank of India (SBI) today reduced its marginal cost of funds-based lending rate (MCLR) by 35 basis points (bps) across all tenors with one-year MCLR, effective April 10. This is the eleventh consecutive cut in MCLR in FY 2019-20.
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