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ICICI Bank cuts MCLR by 5 basis points

Tuesday, April 2, 2019, 3:04 PM

ICICI Bank has cut its MCLR by five basis-points across tenors from its previous benchmark rates. ICICI Bank has reduced these lending rates for overnight and one-month tenors to 8.5% from the previous 8.55%, three-month tenor to 8.55% from the previous 8.60, six-month tenor to 8.7% from the previous 8.75% and one-year tenor to 8.75% from the previous 8.8%, according to the bank's website.
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HDFC Bank cuts MCLR for 2,3 year loans by 5 basis points

Friday, March 8, 2019, 3:08 PM

The country's largest private sector lender, HDFC Bank, has reduced its marginal cost-based lending rate (MCLR) for loans of two and three-year tenors by 5 basis points to 8.85 percent and 9 percent, respectively. The new rates are effective from March 7, according to the bank's website. Earlier, the rates for two- and three-year tenors stood at 8.9 percent and 9.05 percent, respectively.
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SBI reduces home loan interest rate by 5 basis points

Saturday, February 9, 2019, 9:14 AM

Within a day of RBI reducing repo rate by 25 basis points, the country's largest lender State Bank of India announced a cut in interest rates by 5 basis points on its home loans up to Rs 30 lakh. In it sixth bi-monthly monetary policy review announced Thursday, RBI had cut the repo rate by 25 basis points to 6.25 percent.

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