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Lending Rate News

SBI Slashes 3-Month Lending Rate; Stock Jumps 3%
The country's leading PSB State Bank of India (SBI) has reduced its lending rate by up to 10bps for shorter tenures of three months. One basis point is one-hundredth of a percentage point. The new 3-month MCLR stands at 6.65%, which ...
Sbi Slashes 3 Month Lending Rate Stock Jumps

HDFC Home Loan Becomes Cheaper
HDFC, which is the country's leading housing finance company has reduced PLR or prime lending rate by 5 basis point. One basis point is one-hundredth of a percentage point. The move would benefit all of the existent customers of HDFC. ...
Axis Bank Reduces Lending Rate Across Tenure
In line with the latest repo rate cut of 35 basis points in the RBI's August MPC meet, Axis Bank today has announced a cut in its MCLR rate across all tenures. The new rates will come into force from August ...
Axis Bank Reduces Lending Rate Across Tenure
PNB Reduces Lending Rates From March 1
On Wednesday, the state-run Punjab National Bank said it will lower down its MCLR or marginal cost based lending rate by 0.1% for different tenures from March 1. In a regulatory filing, the bank said there is a reduction in the ...
Pnb Reduces Lending Rates From March
BOB Raises MCLR By 5bps Ahead Of RBI's Policy Outcome
Just a day before the RBI's verdict on monetary policy, Bank of Baroda has raised the marginal cost based lending rate by 5 basis points across different tenures. One basis point is one-hundredth of a percentage point. The new rates have ...
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