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SBI cuts MCLR by 5-10 basis points; home loans to get cheaper

Updated : July 08, 2020 10:09 AM IST

SBI or State Bank of India, the country's largest lender by assets, on Wednesday announced a reduction in its benchmark lending rates across shorter tenors.
The bank said its marginal cost of funds-based lending rate (MCLR) will be reduced by 5-10 basis points (5-10 percentage point).
SBI cuts MCLR by 5-10 basis points; home loans to get cheaper

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