SBI cuts lending rates by 5 bps; most competitive among top banks

SBI cut its MCLR rates for the overnight, one-month, three-month, six-month and one-year tenors by 5 basis points (bps) to 8.15%, 8.15%, 8.20%, 8.35% and 8.50%, respectively. According to the bank, lending rates on loans linked to the MCLR will be cut by 5 bps.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2YZEEXf