Who wrote this article?

Shreesh Biradar, Capitalmind's research team.

What topics does this article cover?

Banks base rate, Interest rates of Indian Banks, MCLR

Banks: MCLR Update – 30 September 2016

30 Sept 2016Shreesh Biradar1 min read

Quick Facts

What is "Banks: MCLR Update – 30 September 2016" about?
What category is this article in?: Economy
Who wrote this article?: Shreesh Biradar, Capitalmind's research team.
When was this article published?: Published 30 September 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: Banks base rate, Interest rates of Indian Banks, MCLR
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion. Disclosure: The authors at Capital Mind have positions in the market and some of them may support or contradict the material given above, or may involve a direction derived from independent analysis.

As a follow-up note on** MCLR** (Marginal Cost of funds based Lending Rate) and how it is changing the way banks lend in India, we are publishing the rates of 34 SCBs(Scheduled Commercial Banks) as on September 30, 2016. According to RBI’s mandate, Banks have to review and publish their MCLRs each month.

Please click here to check our previous update on MCLR Rates for Aug 2016.

We have created a MCLR Bank Base Rate Tracker, where the rates of 34 major banks are presented. The rates include:

Important RBI Rates (repo rate, reverse repo and MSF);
Base Rate;
MCLR (of varying tenors);
**Deposit Rate (**for amounts less than Rs. 1 cr., between 1 and 2 years)

deposit-loan-interest-rates-indian-banks-september-2016

Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

Disclosure: The authors at Capital Mind have positions in the market and some of them may support or contradict the material given above, or may involve a direction derived from independent analysis.