SBI cuts MCLR by 5 bps across all tenors; reduces FD rates as well

The new MCLR rates will be effective from November 10. After the cut, the one-year MCLR stands at 8 percent. According to SBI’s press release, this is the bank’s seventh consecutive MCLR cut during the current financial year.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/sbi-cuts-mclr-by-5-bps-across-all-tenors/articleshow/71965926.cms