{"id":314940,"date":"2019-09-09T08:10:07","date_gmt":"2019-09-09T08:10:07","guid":{"rendered":"http:\/\/tehelka.com\/?p=314940"},"modified":"2019-09-09T08:23:47","modified_gmt":"2019-09-09T08:23:47","slug":"state-bank-of-india-cuts-interest-rates-on-home-loans-fixed-deposits","status":"publish","type":"post","link":"https:\/\/tehelka.com\/state-bank-of-india-cuts-interest-rates-on-home-loans-fixed-deposits\/","title":{"rendered":"State Bank of India cuts interest rates on home loans, fixed deposits"},"content":{"rendered":"<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-314941 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2019\/09\/SBI.jpg\" alt=\"\" width=\"536\" height=\"323\" srcset=\"https:\/\/tehelka.com\/media\/2019\/09\/SBI.jpg 536w, https:\/\/tehelka.com\/media\/2019\/09\/SBI-300x181.jpg 300w, https:\/\/tehelka.com\/media\/2019\/09\/SBI-534x323.jpg 534w\" sizes=\"(max-width: 536px) 100vw, 536px\" \/><\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The State Bank of India (SBI) on Monday announced that it has reduced marginal cost-based lending rate (MCLR) and interest across all tenors.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">SBI said it has slashed lending rates by 10 basis points (bps) across tenors.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Interest rates on term deposits across all maturities were also lowered by up to 25 basis points.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">This is the fifth consecutive reduction in MCLR by the country&#8217;s largest bank so far this financial year.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">From September 10, one-year MCLR will now come down to 8.15 percent from 8.25.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">According to the statement, the retail term deposit rates have been slashed by 20-25 bps and bulk term deposit rates by 10-20 bps across tenors.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The State Bank of India (SBI) on Monday announced that it has reduced marginal cost-based lending rate (MCLR) and interest across all tenors. SBI said it has slashed lending rates by 10 basis points (bps) across tenors. Interest rates on term deposits across all maturities were also lowered by up to 25 basis points. This [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":314941,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[167],"tags":[946],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/314940"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=314940"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/314940\/revisions"}],"predecessor-version":[{"id":314942,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/314940\/revisions\/314942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/314941"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=314940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=314940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=314940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}