2019-06-13 : IDBI Bank loans to get cheaper, lender slashes its MCLR rates by 5-10 bps across various tenors The loans offered by IDBI Bank will get cheaper now as the lender has reduced its Marginal Cost of Funds Based lending rate (mclr) by 5 to 10 basis points across various tenors with immediate effect.
In a rising interest rate scenario, IDBI Bank on Monday announced an upward revision in its Marginal Cost of Funds-based Lending Rates (MCLR) by 05 bps to 10 bps across various tenors.
Govt seeks additional Rs 13,000 crore surplus from RBI RBI transferred a surplus of Rs 30,659 crore to the government, which was nearly half of what the central bank has been earning and transferring to the government over the past few years.
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News About idbi mclr. mclr cut by 5-10 basis points across tenures . IDBI Bank on Wednesday cut the MCLR across various tenures by 5 -10 basis points. The revised rates will be effective with immediate effect. The one-year MCLR against which most customer loans are priced were reduced to 8.95%.
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Mclr IDBI Bank cuts MCLR by 5-10 bps across various tenors. New overnight, one-month, six-month rates are 7.90 per cent, 8.15 per cent and 8.60 per cent respectively, the bank said in a release.
IDBI Bank today said it has reduced its marginal cost of funds based lending rate (MCLR) by 30-35 basis points across various tenors, effective February 1. For overnight tenor, the bank has reduced it
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IDBI Bank has reduced its marginal cost of funds-based lending rates (MCLR). Lending rate (MCLR) is reduced by 30-35 basis points across various tenors, effective February 1. For overnight tenor.
"This is to inform that the bank has revised MCLR for different. across all tenors. After the 25 bps repo rate cut in the.
The Reserve Bank of India`s Governor, Urjit Patel, resigned for "personal reasons" on Monday, a decision analysts linked to the intense pressure on the central bank from the government to ease.
New Delhi: State-owned Oriental Bank of Commerce (OBC) has cut the marginal cost of funds-based lending rate (MCLR) by up to 10 basis points (bps) for various tenors with effect from Thursday.MCLR for overnight and one-month loan tenor has been reduced by 10 bps to 8.20 per cent and 8.25 per cent, respectively.
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