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Business News

Dec 10, 2019
3:41PM

SBI announces reduction in one-year MCLR by 10 basis points

@TheOfficialSBI
Country's largest lender State Bank of India has announced the reduction in its marginal cost of fund based lending rate (MCLR) by 10 basis points across all one-year products. It will be effective from today.

This is the eighth consecutive cut in MCLR by the lender this fiscal. The new one-year MCLR has been cut to 7.90 per cent from 8 per cent.  
 

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