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Friday, August 9, 2019

Loans to become cheaper: IDBI, OBC cut MCLRs by up to 15 basis points

Despite a cumulative 75-bps cut in the repo rate between February and June this year, banks have reduced their weighted average lending rates (WALR) on fresh rupee loans by a mere 29 bps during the same period, RBI governor Shaktikanta Das said on Wednesday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2M7ZUH9

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