MCLR, introduced by the RBI in 2016, determines the minimum interest rate banks can lend, replacing the base rate system. It ...

The Reserve Bank of India (RBI) initiated the much-expected rate-cut cycle in February. The repo rate was cut from 6.5% to ...

The State Bank of India (SBI) has announced unchanged marginal cost of funds-based lending rates (MCLR) for various loan ...

RBI has injected over Rs 5 lakh crore into the banking system since mid-Jan to ensure surplus liquidity and support its rate ...

Indias largest public sector SBI has announced its latest marginal cost of funds-based lending rate (MCLR) for March 15 and ...

A repo rate cut generally lowers borrowing costs, making loans more affordable. However, borrowers often do not see an ...

MCLR, or Marginal Cost of Funds-Based Lending Rate, is the minimum interest rate below which banks cannot lend. Introduced by ...

State-owned Canara Bank Ltd on Tuesday (March 11) announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR ...

The updated MCLR rates will directly influence interest rates on various financial products, including home loans, personal ...