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Base rate News

04 Jan 2018

Impact of base rate, BPLR changes on your home loan EMIs

As per the RBI guidelines, banks are supposed to revise the base rates at least once every quarter.

State Bank of India (SBI)

01 Jan 2018

SBI reduces base rate, BPLR; leaves MCLR unchanged

The State Bank of India (SBI) on Monday revised a slew of its existing rates, which will be effective from January 1, 2018.

Oriental Bank of Commerce

29 Sep 2017

Oriental Bank of Commerce lowers base rate by 0.05% to 9.45%

"This is to inform that the bank has revised the base rate from 9.50 per cent per annum to 9.45 per cent per annum with effect from 03.10.2017," Oriental Bank of Commerce said in a regulatory filing.

03 Apr 2017

SBI cuts base rate by 15 bps, with effect from April 1

Bringing cheer to customers who have raised loans prior to April 1, 2016, the largest public lender State Bank of India (SBI) cut its base rate by 15 basis points (bps) to 9.10 per cent with effect from April 1, 2017.

03 Apr 2016

UCO Bank revises lending rates based on marginal cost

Public sector lender UCO Bank has revised lending rates based on marginal cost of funds with effect from April 1

11 Dec 2015

EMIs to be cheaper, RBI for base rate reduction

01 Dec 2015

New guidelines to calculate base rate this week: Rajan

After goading banks, without much success, to pass on full benefits of policy rate cuts to borrowers, Governor Raghuram Rajan Tuesday said the Reserve Bank will this week issue guidelines to determine base rates on a new methodology based on the marginal cost of funds.

29 Sep 2015

Base rate calculation guidelines for banks by Nov-end: RBI

Reserve Bank on Tuesday said it will issue guidelines by November-end for banks to calculate the base rate on the basis of marginal cost of funds.

State Bank of Travancore

09 Mar 2015

State Bank of Travancore cuts base rate to 10.15 per cent

State Bank of Travancore (SBT) today became the first bank to cut benchmark lending rate, or base rate, by 0.1 percent to 10.15 percent, almost a week after RBI slashed policy rate by 0.25 percent.

16 Oct 2014

Axis Bank cuts lending rate by 0.1% to 10.15%

Private sector Axis Bank on Thursday announced reducing its lending rate by 0.1 percent to 10.15 percent from 10.25 percent.

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