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SBI Loans To Get Cheaper; One-Year MCLR At 7.75%
SBI on Wednesday reduced MCLR rate by 15 basis points across tenures. The new rates become effective from March 10. With the cut, SBI's one-year MCLR to which most retail loans are pegged stand at 7.75% versus the earlier 7.85%. This ...
Retail And Housing Loans See Strong Growth In 2019
Data from the Reserve Bank of India (RBI) showed that while the growth of loans to large industries and medium or small scale businesses shrank for the financial year 2019-20, till November, retail and housing loans grew strongly. Retail loans rose ...
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