Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc – Times of India

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Union Bank had reduced its one-year MCLR by 20 bps to 8.2%. This series of cuts follows the Reserve Bank of India’s ( RBI ) decision to lower the repo rate by 25 bps to 6% at its August policy.

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State Bank of India (SBI) has cut its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points. The move is supposed to make customer loans like home loans and car loans cheaper. The lender has reduced a one-year MCLR rate to 8.40% as against 8.45% earlier.

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If RBI cuts the repo rate by 50 basis points or 0.5%, DCB may decide to cut its 1 Year MCLR rate only by 0.25% based on its internal funding and liquidity position. Hence, it is important to compare the MCLR rate change of DCB Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from DCB Bank.

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Partial Possession: Know if it is fair on Homebuyers Part Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc – Times of India Bank of india hikes mclr by 5 basis points on two loan maturities. bank of India has reportedly hiked its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) or 0.05% on the one-month and.

Corporation Bank cuts 1 year MCLR by 5 basis points to 8.85% 2 days ago IDBI Bank reduces MCLR by 5-10 bps to 8.95% across various tenors