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Bank Lending Rates Dip In July On The Back Of RBI Rate Cuts

Key bank lending rates, such as the one-year marginal cost of funds-based lending rate (MCLR) and auto loan rate, eased 15 bps to 8.75 per cent and 7 bps, respectively to 9.19 per cent, while deposit rates eased 3 bps to 6.37 per cent during the month making it cheaper for banks to raise funds, the Crisil Research report said.

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2 hours ago
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