Daily Current Affairs Quiz 2019<\/a><\/strong><\/p>\n\n\n\nBank of Baroda customers opting for the home loan product would have a choice between MCLR-linked rate \u2014 indexed to the bank\u2019s cost of funds \u2014 or a rate linked to RBI\u2019s repo rate.<\/p>\n\n\n\n
The marginal cost of funds based lending Rate (MCLR)-linked\nproduct starts at 8.45 per cent. Meanwhile, home loans availed at repo\nrate-linked interest rate start at 8.35 per cent, passing on a further benefit\nof 10 bps to the current MCLR-rated pricing.<\/p>\n\n\n\n
Union Bank of India, which had held its asset liability\ncommittee meeting on Friday, said in order to facilitate better interest rate\ntransmission, it would soon link its housing and vehicle loan portfolio to the\nrepo rate.<\/p>\n\n\n\n
Transmission of monetary policy has been a sticky point between banks and the Reserve Bank of India.<\/p>\n\n\n\n
Despite a cumulative 75 bps cut in the repo rate between\nFebruary and June this year, banks across the country have reduced their\nweighted average lending rates on fresh rupee loans by a mere 29 bps during the\nsame period, Reserve Bank governor Shaktikanta Das had said last week. <\/p>\n\n\n\n
About SBI:<\/h4>\n\n\n\n
Headquarters:<\/strong>\nMumbai, Maharashtra<\/p>\n\n\n\nChairman:<\/strong> Rajnish\nKumar<\/p>\n\n\n\nAbout Bank of Baroda<\/h4>\n\n\n\n
Headquarters:<\/strong>\nAlkapuri, VadodaraCEO:<\/strong> P. S. Jayakumar\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"Bank of Baroda (BoB) announced a new home loan product linked to the Reserve Bank of India\u2019s repo rate. In doing so, BoB has gone the State Bank of India way. Following the latest Monetary Policy Committee decision to cut rates by 35 basis points (bps), several state-run banks, including Union Bank of India, Allahabad […]<\/p>\n","protected":false},"author":13,"featured_media":4773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[450,64],"class_list":["post-4772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-bank-of-baroda","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/4772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=4772"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/4772\/revisions"}],"predecessor-version":[{"id":4774,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/4772\/revisions\/4774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/4773"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=4772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=4772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=4772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}