Sbi bank

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With effect from January 15, 2023, the State Bank of India (SBI) has increased the marginal cost of funds-based lending rate (MCLR) for home loans with a one-year term by 10 basis points. The MCLR is the lowest interest rate that the bank will allow for lending.According to the SBI notification, the MCLR for a one-year tenure will increase from 8.30% to 8.4% with effect from January 15 while remaining the same for other tenures.What is MCLR? BCCL/Representational ImageThe financial…

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India appears to be distinctly benefiting in terms of being an attractive investment destination as investment opportunities drag for China, according to a research report by the State Bank of India (SBI), which recently said India appears to be emerging as the best option with a positive growth and inflation outlook in this fiscal, SBI said in its Ecowrap.

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For those planning to buy commercial and residential properties, State Bank of India (SBI) is coming up with online auction of 1000 Properties in both categories. Grab your dream property online with the Bid amount.

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"Our chairman has mentioned that wherever there is a bankable proposal, we are willing to fund that, which we keep on saying as well. SBI being the largest bank, I can tell you that we are always willing and we are ready to play our part and extend that support to help the economy and various industries," said Sujit Varma, Deputy Managing Director (Corporate Finance), SBI.

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