The one year MCLR comes down to 7.00% p.a from 7.25% p.a. with effect from June 10, 2020. This is the thirteenth consecutive reduction in bank’s MCLR.source https://economictimes.indiatimes.com/industry/banking/finance/banking/state-bank-of-india-slashes-mclr-by-25-bps-and-ebr-by-40-bps/articleshow/76265584.cms
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