BANKING
SBI Cuts MCLR by 10 bps Across Tenors; Home Loans Become Cheaper
MoneyControl
AI Summary
State Bank of India reduced its Marginal Cost of Funds Based Lending Rate by 10 basis points across all tenors, effective June 1, 2026. This marks the first MCLR cut in 18 months, making home and auto loans more affordable for borrowers. Existing SBI customers with MCLR-linked loans will benefit from the rate reduction. Source: MoneyControl.
Generated by Straico · Source: MoneyControl