SBI reduces lending rates across all tenors by 5 bps

The country’s largest lender State Bank of India (SBI) has reduced its marginal cost-based lending rate (MCLR) by five basis points (bps) with effect from May 10, the bank said in a statement. This is the second rate cut in this financial year. SBI had announced a 5 bps cut in MCLR across all tenors on April 10 in response to RBI’s 25 bps repo rate cut.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2E05jdQ

Add a Comment

Your email address will not be published. Required fields are marked *

Skip to toolbar