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MCLR

Bank of Maharashtra (Bloomberg )

BoM, IOB slash MCLR by up to 10 bps

1 min read . 07 Sep 2020

Union Bank of India (Mint)

Union Bank slashes MCLR by up to 15 bps

1 min read . 10 Aug 2020

Bank of Baroda cuts 1-year MCLR by 5 bps effective 12 July

1 min read . 10 Jul 2020

Union Bank reduces MCLR by 20 bps across tenors

1 min read . 10 Jul 2020

Interest rates have been falling for over a year now and the central bank recently reduced its repo rate by 115 bps since end of March. (Mint)

SBI lowers MCLR rate by 25 basis points

1 min read . 08 Jun 2020

Bank of Baroda cuts one-year MCLR by 15 bps to 8%

1 min read . 09 Apr 2020

The uptick in ICR points to the success of RBI’s steps to boost monetary policy transmission. (Mint )

Indian firms’ ability to service debt improves

3 min read . 24 Feb 2020

If you were planning to take a home loan, or to purchase a car with loan funds, you may now get a lower rate and probably pay a lower EMI. Photo: iStock

Post RBI policy, no immediate gains for borrowers, but depositors to suffer

3 min read . 21 Feb 2020

lthough RBI provided banks the option to choose from a host of external rates, almost all banks chose the repo rate (Photo: iStock)

Two RBI moves that work for borrowers

4 min read . 20 Feb 2020

Should you switch from MCLR to external benchmark?

Why Not Mint Money | Should you switch from MCLR to external benchmark?

18 Feb 2020

If you are moving from MCLR to the benchmark-linked rate within the same bank, the lender may not re-evaluate you. (Photo: iStock)

Staying on MCLR may be cheaper, but only for now

6 min read . 17 Feb 2020

The median one-year marginal cost of funds-based lending rate (MCLR) for private banks fell a meagre 12 basis points (bps) to 9.18% between January and December 2019. (Hemant Mishra/Mint)

Private banks slow to give rate cut benefits

3 min read . 13 Jan 2020

The new rate, SBI said, will be applicable from 1 January (Photo: Reuters)

Home loans set to get cheaper as SBI lowers lending rate by 25 bps

3 min read . 31 Dec 2019

Bank of Baroda has reduced its one-year MCLR rates, to which all retail loans are linked to, only marginally by 5 bps to 8.25 percent, the bank said in statement. (Reuters)

Bank of Baroda lowers MCLR lending rates by 20 bps

1 min read . 10 Dec 2019

RBI asks banks to link retail and MSME loans to external benchmark from 1 Oct

RBI asks banks to link retail and MSME loans to external benchmark from 1 Oct

1 min read . 04 Sep 2019

Anand also flagged the risks of such a move of linking interest rate to the repo rate set by RBI for the customers.

Axis Bank says linking loans to repo is not the only way for faster transmission

2 min read . 19 Aug 2019

OBC, IDBI Bank cut MCLR up to 15 basis points

OBC, IDBI Bank cut MCLR up to 15 basis points

1 min read . 09 Aug 2019

Union Bank of India cuts MCLR by up to 20 bps across tenors

1 min read . 30 Jul 2019

SBI, ICICI Bank, Bank of Baroda and many other banks have recently cut their MCLR rates

SBI, ICICI Bank, Bank of Baroda cut MCLR: What it means your home loan EMIs

2 min read . 20 Jul 2019

(Photo: Reuters)

Your SBI home loan just got cheaper as lender cuts MCLR by 5 bps from 10 July

1 min read . 09 Jul 2019

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