Tag Archives: Maturities

State Bank Of India Cuts Lending Rate By 0.9% Across Maturities

Mumbai: State Bank of India, the country’s biggest lender by assets, said on Sunday it had cut its lending rates by 90 basis points for maturities ranging from overnight to three-year tenures, after experiencing a surge in deposits. After the move, its so-called overnight marginal cost of funds-based lending rate (MCLR) fell to 7.75 per cent from 8.65 per cent, ... Read More »

P-Note Maturities Should Be Exempt From GAAR: Assocham

New Delhi:┬áThe General Anti-Avoidance Rules (GAAR) should not apply to a foreign portfolio investor (FPI) on redemption and maturity of participatory notes, industry body Assocham said on Wednesday. In a detailed memorandum to the Finance Ministry, the chamber said it is common for investors to gain economic exposure in Indian securities through P-notes. “We believe that the existence of a ... Read More »