{"id":68324,"date":"2019-08-17T11:33:42","date_gmt":"2019-08-17T11:33:42","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=68324"},"modified":"2019-08-17T11:33:43","modified_gmt":"2019-08-17T11:33:43","slug":"punjab-sind-bank-cuts-mclr-by-up-to-20-basis-points","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/punjab-sind-bank-cuts-mclr-by-up-to-20-basis-points\/","title":{"rendered":"Punjab &#038; Sind Bank cuts MCLR by up to 20 basis points"},"content":{"rendered":"\n<p>State-owned Punjab &amp; Sind Bank on Saturday said it has lowered its marginal cost of funds based lending rate (MCLR) by up to 0.20 per cent for various tenors.<\/p>\n\n\n\n<p>&#8220;Our bank has reviewed the marginal cost of fund based lending rate for different tenors and the same will be effective from 16.08.2019,&#8221; Punjab &amp; Sind Bank said in a regulatory filing.<\/p>\n\n\n\n<p>The public sector bank has lowered the benchmark one-year MCLR to 8.50 per cent from 8.70 per cent earlier.Most of the consumer loans such as personal, auto and home are priced on the basis of the one-year MCLR.<\/p>\n\n\n\n<p>PSB has lowered MCLR on overnight, one-month, three-month and six-month duration loans by 0.15 per cent to 8.20 per cent, 8.30 per cent, 8.40 per cent and 8.50 per cent, respectively.<\/p>\n\n\n\n<p>It also reduced MCLR on three-year tenor loans by 0.5 per cent to 9.20 per cent.The rate cut follows an MCLR cut by the country&#8217;s largest lender SBI post the RBI&#8217;s decision to reduce the key interest rate by 0.35 percentage point to a nine-year low of 5.40 per cent.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>State-owned Punjab &amp; Sind Bank on Saturday said it has lowered its marginal cost of funds based lending rate (MCLR) by up to 0.20 per cent for various tenors. &#8220;Our bank has reviewed the marginal cost of fund based lending rate for different tenors and the same will be effective from 16.08.2019,&#8221; Punjab &amp; Sind [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":68325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-68324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/68324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=68324"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/68324\/revisions"}],"predecessor-version":[{"id":68326,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/68324\/revisions\/68326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/68325"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=68324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=68324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=68324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}