Good News For SBI Customers: Public Lender Cuts MCLR Rates, Easing EMI Burden
Last Updated:August 16, 2025, 09:00 is SBI and Indian Overseas Bank have reduced their MCLR rates effective August 15, 2025. SBI’s one-year MCLR is now 8.75%. SBI revises MCLR rate from Aug 15. SBI Cuts MCLR Rate: The State Bank of India (SBI), the country’s largest lender, has announced a 5 basis points (bps) reduction…