SBI cuts MCLR by 5 bps across all tenors, reduces fixed deposit rates

After the cut, the one-year MCLR comes down to 7.85 percent per annum from 7.90 percent per annum. According to SBI’s press release, this is the bank’s ninth consecutive MCLR cut during the current financial year 2019-20.

from Personal Finance News-Wealth-Economic Times https://ift.tt/385SjjP