Several leading banks, including HDFC Bank, PNB, BoB, BOI, IOB, and CBI, have reduced their Marginal Cost of Funds-based Lending Rates (MCLR) in September. The move could bring relief to existing ...
MCLR, or the Marginal Cost of Funds-based Lending Rate, is the benchmark rate banks use to decide interest rates on ...
A basis point is one-hundredth of a percentage point. So, a 5 bps cut translates into a 0.05% reduction in the lending rate.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback