SBI reduces MCLR by 10bps 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.

Oct 09, 2019 04:10 IST India Infoline News Service

State Bank of India
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.

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