SBI slashes MCLR by 10 bps across all tenors
Updated : October 09, 2019 10:28 AM IST
The State Bank of India (SBI) on Wednesday slashed its marginal cost of funds-based lending rate (MCLR) by 10 basis points across all tenors.
This is a sixth consecutive rate cut by the country’s largest lender in FY19-20.
The new rate will come in effect from October 10, 2019.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more