SBI to pass on interest rate changes faster to home loan borrowers: Rates to be reset 6 monthly

The State Bank of India latest announcement will help the borrowers whose loans are linked to the marginal cost of lending rate (MCLR) to be able to benefit from the future policy rate cuts from the Reserve Bank of India (RBI) faster.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/borrow/sbi-to-pass-on-interest-rate-changes-faster-to-home-loan-borrowers-rates-to-be-reset-6-monthly/articleshow/77929735.cms