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SBI lending rate News

State Bank of India

15 Aug 2024

SBI Hikes Loan Interest Rates By 10 BPS Across All Tenors From THIS Date

SBI’s latest hike in its Marginal Cost of Funds Based Lending Rate (MCLR) comes shortly after the RBI kept the repo rate steady at 6.5 per cent.

15 Feb 2023

SBI Hikes Key Lending Rate by 10 bps From Feb 15, EMIs set to Increase

SBI increases key lending rate or MCLR by 10 bps from Feb 15. Bank also introduces a specific tenure scheme of 400 days with 7.10% interest. The marginal cost of funds-based lending rate or MCLR is the key lending rate to determine the interest rates of different types of loans.

02 Oct 2022

SBI raises lending rate by 50 bp post RBI's repo rate hike; Check details

SBI hikes lending rate by 50 basis points. RBI on Friday increased repo rate to 5.90%. Axis Bank also increases interest rates on FDs below Rs 2 crore.

State Bank of India

01 Mar 2018

SBI's Holi gift to its customers with 0.50% rate hike on FDs

The State Bank of India offered a Holi gift to its customers by increasing the interest rate given on fixed deposits.

09 Nov 2017

Limited space for further cut in lending rate: SBI chief

Last week, the country's largest lender State Bank of India (SBI) reduced its lending rate for home and auto loans by 0.05 percentage point.

01 May 2017

Only 6.25% interest on FD: SBI reduces term deposit rates by up to 0.50%

For two to less than three years deposits, SBI will offer a rate of 6.25 percent as compared to 6.75 percent earlier.

Kotak Mahindra Bank

02 Jan 2017

After SBI, PNB, Kotak Mahindra Bank cuts lending rate by up to 0.45%

A day after SBI slashed its rate offering steeply, country's fourth biggest private sector lender Kotak Mahindra Bank on Monday announced a cut of up to 0.45 percent in its lending rates.

State Bank of India

01 Jan 2017

State Bank of India cuts lending rate by 0.9% across maturities

State Bank of India, the country`s biggest lender by assets, said on Sunday it had cut its lending rates by 90 basis points for maturities ranging from overnight to three-year tenures, after experiencing a surge in deposits.

29 Sep 2015

SBI cuts lending rate by 0.4% to 9.3%

Soon after reduction in repo rate by the Reserve Bank, country's largest lender State Bank of India (SBI) on Tuesday slashed minimum lending or base rate by 0.4 percent to 9.3 percent, setting the trend for benign interest rate regime.

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