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SBI has reduced its marginal cost of fund-based lending rate (MCLR) by up to how many basis points across various tenors, effective March 10, 2020?

SBI has reduced its marginal cost of fund-based lending rate (MCLR) by up to how many basis points across various tenors, effective March 10, 2020? Correct Answer 15

  • SBI has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenors, effective March 10, 2020.
  • The bank has reduced its one-year MCLR by 10 basis points to 7.75 per cent from 7.85 per cent earlier.
  • This is 10th consecutive cut in MCLR by the bank in the current fiscal.
  • Three-month MCLR has been revised to 7.50 per cent from 7.65 per cent.

Related Questions

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A university library budget committee must reduce exactly five of eight areas of expenditure—I, J, K, L, M, N, O and P—in accordance with the following conditions: If both I and O are reduced, P is also reduced.
If L is reduced, neither N nor O is reduced.
If M is reduced, J is not reduced.
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