2020
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
SBI reduces benchmark lending rate by how much basis points with effect from 10 May?
|
|
5
|
|
|
10
|
|
|
15
|
|
|
20
|
Explanation:
Detailed explanation-1: -Base Rate. Base Rate revised as 9.40% p.a. w.e.f. 15.12. 2022.
Detailed explanation-2: -Notably, SBI is currently offering a certain discount on home loans as part of its festive offer campaign, which is set to end on January 31, 2023. According to SBI’s website, the 1-year MCLR has been raised to 8.4% from 8.30% as of January 15.
Detailed explanation-3: -Meanwhile, Bank of Baroda has hiked MCLR by 10-15 bps on some tenors, effective July 12.
There is 1 question to complete.