Top events today: Apple launch event, Jack Ma hangs his boots, and more

Apple fans will be able to watch the unveiling of the awaited iPhone 11 lineup on YouTube this year

SBI cuts MCLR by 10 basis points, to come into effect from today

The country’s largest lender, State Bank of India (SBI), has cut its key lending rate MCLR by 10 basis points (bps) across all tenors from Tuesday. It also reduced the interest rate on term deposits. The one-year marginal cost of funds-based lending rate (MCLR) would come down to 8.15 per cent from 8.25 per cent from September 10. This is the fifth consecutive cut in MCLR in the current financial year (FY 2019-20), the SBI said in a statement. Read More

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