SBI Lending Rates

SBI reduces MCLR by 35 bps, cuts savings rate by 25 bps on all deposits

SBI rate cut: The savings rate has been reduced to 2.75 per cent from 3 per cent

Updated On: 07 Apr 2020 | 9:13 PM IST

SBI cuts lending rate by 75 bps as RBI introduces liquidity package

SBI also cut interest rates on retail term deposits by 20-50 bps. For bulk deposits, the cut was steeper, by 50-100 bps, due to huge liquidity in the system

Updated On: 28 Mar 2020 | 12:49 AM IST

SBI slashes benchmark lending rates by 15 bps after rate cut by RBI

The Reserve Bank of India cut interest rates for a fourth straight meeting in 2019

Updated On: 07 Aug 2019 | 2:35 PM IST

SBI hikes lending rates by 20 bps across all tenures up to 3 years

The MCLR for one year, a benchmark rate for most retail loans, increased to 8.45 per cent from 8.25 per cent earlier

Updated On: 02 Sep 2018 | 12:32 AM IST

EMIs set to rise as SBI, PNB raise lending rates

SBI hiking of the MCLR makes it the first hike in the 1-year MCLR since the inception of a new lending rate system in April 2016

Updated On: 01 Mar 2018 | 5:52 PM IST