Small deposits, loans will continue to be MCLR based, says SBI

The nations largest lender had Friday said from May 1, it would link its savings accounts with deposits over Rs 1 lakh and all cash credit accounts and overdrafts or short term loans with limits above Rs 1 lakh or short-term loans, to the repo rate, which currently is at 6.25 percent.

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