The public sector entity slashed the MCLR, EBLR and RLLR rates and revised the BPLR and base rates, according to ET.Herre are the new rates: RBI Slashes Rates After Rupee Fall, Boosts Liquidity And Lifts India’s GDP Forecast To 7.3%MCLR rates revised across tenorsSBI has cut its Marginal Cost of Funds-based Lending Rate (MCLR) across these tenors:Short-span Overnight and one-month MCLR: Reduced from 7.90% to 7.85% each. Three-month MCLR: Cut from 8.30% to 8.25% Six-month MCLR: Now at 8.60%, down from 8 ...

The country's largest lender State Bank of India (SBI) has reduced its lending rate by 25 basis points, following the Reserve Bank's policy rate cut, making loans cheaper for existing and new borrowers.With the latest round of reduction, the External Benchmark Linked Rate (EBLR) of SBI will come down by 25 basis points to 7.90%.The revised rates come into effect from December 15, 2025, SBI said in a statement.The rate reduction is in response to last week's RBI's decision to slash the key interest rate by 2 ...