RBI Monetary Policy Committee Updates: The Reserve Bank of India Monetary Policy has kept the interest rates unchanged. “The MPC was of the view that at this juncture, policy support from all sides is required to regain the momentum of growth that was evident in H2:2020-21 and to nurture the recovery after it has taken root,” said RBI Governor Shaktikanta …
On 9 December, the country’s largest lender SBI announced the reduction in its marginal cost of MCLR by 10 basis points across all one-year products. SBI cuts MCLR by 10 bps On 9 December, the country’s largest lender State Bank of India announced the reduction in its marginal cost of MCLR by 10 basis points across all one-year products. Bank …
Mumbai: State Bank of India on Friday linked its interest rate on savings account with balance above ₹1 lakh and short-term loans to Reserve Bank of India's repo rate, effective 1 May 2019. While home loan interest rates will still be determined by the marginal cost of funds-based lending rate, or MCLR, rates are expected to fall as savings deposit …
)
)
