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1 January 2018
 |
S.B.I (The Total
Investment & Insurance Solutions)
State Bank of India has kept its
marginal cost of funds-based lending rates unchanged across tenures for
January, while the Base Rate has been cut by 30 basis points to 8.65%. The Total Investment & Insurance
Solutions
The bank's marginal cost-based loan rates are in the range of 7.70-8.10%.
Loans taken before April 2016 remain linked to the Base Rate, unless the borrower requests a shift to the new regime by paying a fee upfront.
The lender said it has lowered its benchmark prime lending rate by 30 basis points to 13.40%. The Total Investment & Insurance Solutions
The Reserve Bank of India has asked banks to update their lending rates based on the marginal cost of funds on a monthly basis.
The bank has decided to extend on-going waiver on home loan processing fees till March 31, 2018 for new customer’s keen on buying their dream house and other customers looking to switch their existing loans to SBI.
The stock ended at Rs307.05, down by Rs15.95 or 4.94% from its previous closing of Rs323 on the BSE. The scrip opened at Rs310 and touched a high and low of Rs312.75 and Rs306.5. The Total Investment & Insurance Solutions
The bank’s FY17 consolidated loan book stood at Rs.19.5 lakh cr. Its consolidated GNPA & NNPA stood at 9.1% & 5.2% as of FY17. SBI has a very strong deposit profile with an average CASA ratio of ~40% over last five years, second best after HDFC Bank.The Total Investment & Insurance Solutions
The bank's marginal cost-based loan rates are in the range of 7.70-8.10%.
Loans taken before April 2016 remain linked to the Base Rate, unless the borrower requests a shift to the new regime by paying a fee upfront.
The lender said it has lowered its benchmark prime lending rate by 30 basis points to 13.40%. The Total Investment & Insurance Solutions
The Reserve Bank of India has asked banks to update their lending rates based on the marginal cost of funds on a monthly basis.
The bank has decided to extend on-going waiver on home loan processing fees till March 31, 2018 for new customer’s keen on buying their dream house and other customers looking to switch their existing loans to SBI.
The stock ended at Rs307.05, down by Rs15.95 or 4.94% from its previous closing of Rs323 on the BSE. The scrip opened at Rs310 and touched a high and low of Rs312.75 and Rs306.5. The Total Investment & Insurance Solutions
The bank’s FY17 consolidated loan book stood at Rs.19.5 lakh cr. Its consolidated GNPA & NNPA stood at 9.1% & 5.2% as of FY17. SBI has a very strong deposit profile with an average CASA ratio of ~40% over last five years, second best after HDFC Bank.The Total Investment & Insurance Solutions
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