Liquidity infusion: SBI cuts MCLR by 10 bps; deposit rates revised down

The one-year MCLR has been reduced to 8.05% from 8.15% with effect from October 10, which is lower than the one-year MCLR for the second-largest public sector bank in the country — Bank of Baroda — which stands at 8.35%.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2B3477f