Banks may hike MCLR by 150 bps in FY24 amid tight liquidity: Report
Commercial banks are likely to increase the marginal cost of funds based lending rate (MCLR) by 100-150 basis points (bp)
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MCLR
Base rate to get linked with MCLR
The Reserve Bank of India (RBI) mentioned that base rate for loans would be linked with the marginal cost of
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Market rate benefit to old home loans
The Reserve Bank of India advised banks to link older home loan rates to the current market-linked levels. Prior to
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SBI cuts base rate by 30 basis points
Loans to existing borrowers are set to get a little cheaper with the State Bank of India (SBI) reducing its
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