2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Syndicate Bank
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Union Bank of India
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Allahabad Bank
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Bank of India
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Detailed explanation-1: -NEW DELHI: In line with the country’s largest lender SBI, HDFC Ltd on Friday reduced the benchmark lending rate by 0.05 per cent, a move that will bring down interest rate for existing as well new borrowers.
Detailed explanation-2: -Meanwhile, Bank of Baroda has hiked MCLR by 10-15 bps on some tenors, effective July 12.
Detailed explanation-3: -The EBLR rate of SBI is 6.65% while repo-linked lending rate (RLLR) is 6.25% with effect from 1 April 2022. An overnight one-month and three-month MCLR have increased to 6.75% while the six-month MCLR has hiked to 7.05%.
Detailed explanation-4: -IAS Exam Latest Updates. External Benchmark Lending Rates (EBLR) are the lending rates set by the banks based on external benchmarks such as repo rate, 91 days Treasury bill and 182 days Treasury bill. Every bank can choose any such external benchmark and link its lending rates.
Detailed explanation-5: -HDFC Limited offers low home loan interest rates starting from 8.45*% p.a. This rate of interest is applicable to Home Loans, Balance Transfer Loans, House Renovation and Home Extensions Loans.