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SBI lending rates News

State Bank of India

14 Nov 2024

Bad News For SBI Customers: Bank Hikes Lending Rates; Home Loan, Personal Loan

The SBI has now increased the one-year MCLR by 0.05 per cent to 9 per cent effective from Friday.

15 Oct 2024

SBI Slashes Loan Interest Rate By 25 bps On This Short-Term Tenure

SBI MCLR Loan Interest Rate: RBI implemented MCLR on 1 April 2016 to determine rates of interest for loans. Notably, the revised MCLR became effective on October 15.

31 Mar 2016

SBI revises lending rates based on new methodology

The new interest rates vary from 8.95 percent for overnight to 9.35 percent for 3 years, SBI said in a document posted on its website Thursday.

02 Jun 2015

SBI slashes base rate by 0.15%; effective June 8

The nation's largest lender State Bank of India Tuesday reduced its base rate by 15 basis points after the RBI cut repo rate by 25 basis points.

02 Jun 2015

SBI cuts lending rate by 0.15%, effective June 8

India's largest bank, the State Bank of India on Tuesday cut its base lending rates by 0.15 percent to 9.70 percent, to be effective from June 8.

07 Apr 2015

SBI cuts lending rate by 0.15%, effective April 10

Nudged by RBI, country's biggest bank SBI Tuesday cut base lending rate by 0.15 percentage point to 9.85 percent, becoming the first major lender to ease the rate in many months.

07 Apr 2015

SBI cuts lending rate by 0.15% to 9.85%, effective April 10

State Bank of India on Tuesday cut its lending rate by 15 basis points to 9.85 percent effective April 10.

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