In view of the festival season and extending benefit to customers across all segments, SBI
has reduced its MCLR (6th consecutive rate cut in FY2019-20) by 10 bps across all tenors.
The one-year MCLR comes down to 8.05% p.a from 8.15% p.a. with effect from October 10, 2019.
State Bank of India ended at Rs248.50, down by Rs1.4 or 0.56% from its previous closing of Rs249.90 on the BSE.
The scrip opened at Rs251.10 and touched a high and low of Rs253.40 and Rs246.60 respectively.
The BSE group 'A' stock of face value Rs1 touched a 52 week high of Rs373.70 on 18-Jul-2019 and a 52-week low of Rs245.65 on 01-Oct-2019. Last one week high and low of the scrip stood at Rs275.50 and Rs245.65 respectively.