Catholic Syrian Bank Base Rate, Catholic Syrian Bank MCLR Base Rate Past Trend

Current Catholic Syrian Bank MCLR Base Rate

Last Updated 28th Nov 2016
7th Dec 2016 - RBI keeps interest rates unchanged. Repo rate stays at 6.25%. CRR at 4%. 100% CRR on fresh deposits withdrawn
Tenure MCLR, Base Rate
Overnight 9.40%
1 Month 9.40%
3 Month 9.60%
6 Month 9.90%
1 Year 10.10%
Current MCLR base rate of Catholic Syrian Bank ranges from 9.40% to 10.10% depending on the reset frequency of the loan. Rates are revised every month.
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Catholic Syrian Bank Interest Rates
Home Loan Interest Rates 10.25% * Floating Detail
Loan Against Property Rates % * Floating Detail
Fixed Deposit Interest Rates 4.00% to 7.25% * Detail

Past Trend Base Rate of Catholic Syrian Bank

Catholic Syrian Bank base rate history
Revised Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year MCLR
2 Year MCLR
3 Year MCLR
5 Year MCLR
01st Dec 16
9.40%
9.40%
9.60%
9.90%
10.10%
-
-
-
07th Nov 16
9.20%
9.30%
9.50%
9.90%
10.10%
-
-
-
01st Oct 16
9.20%
9.30%
9.50%
9.80%
10.10%
-
-
-
01st Sep 16
9.20%
9.30%
9.60%
9.90%
10.10%
-
-
-
01st Aug 16
9.30%
9.40%
9.70%
10.10%
10.20%
-
-
-
01st Apr 16
9.00%
9.00%
10.00%
10.20%
10.20%
-
-
-

Catholic Syrian Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Catholic Syrian Bank decides its own base rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR base rate of any bank
  • Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. Catholic Syrian Bank has different MCLR base rates ranging from 9.40% to 10.10% for different tenures

Changes in MCLR Base rate of Catholic Syrian Bank

  • MCLR rate can be revised by Catholic Syrian Bank every month
  • Note that it is not mandatory for Catholic Syrian Bank to revise its rate every month and it may choose to retain the same rate for a longer period

Catholic Syrian Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Catholic Syrian Bank is benchmarked to its MCLR base rate for a particular tenure, say 1 month or 3 month or 6 months
  • Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration MCLR rate while longer duration loans (such as home loan, loan against property, vehicle loan) are linked to longer duration MCLR rates
  • The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark
  • Your loan from Catholic Syrian Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of Catholic Syrian Bank will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 10.20%. This loan will initially be priced at 10.7%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.95%, the loan will be priced at 10.45% for the next year

Past trend of Catholic Syrian Bank Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
11th Apr 16 10.25% decreased by 0.25%
05th Apr 16: 0.25% repo cut by RBI
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
29th Jan 13: 0.25% repo cut by RBI
17th Apr 12: 0.5% repo cut by RBI
01st Dec 11 10.50% increased by 0.25%
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
08th Aug 11 10.25% increased by 0.25%
26th Jul 11: 0.5% repo hike by RBI
16th Jun 11: 0.25% repo hike by RBI
13th May 11 10.00% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
22nd Feb 11 9.50% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
01st Jan 11 9.00% increased by 0.5%
02nd Nov 10: 0.25% repo hike by RBI
01st Nov 10 8.50% increased by 0.5%
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 8.00%

Catholic Syrian Bank Base Rate Vs. RBI Repo Rate Trend

About Catholic Syrian Bank

  • Catholic Syrian Bank is a Private Bank in India with 443 branches, 234 ATM's and 3,031 employees across the country.
  • Catholic Syrian Bank's registered office is located at CSB Bhavan, P.B No. 502, St.Mary College Road, Thrissur - 680 020, Kerala, India.  .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 356 crs. and Standalone net profit of Rs. -53 crs. Catholic Syrian Bank reported total deposits of Rs. 14,474 crs and total advances of Rs. 9,472 crs.
  • Catholic Syrian Bank's management is led by its CEO Mr. Anand Krishnamurthy.
  • Highest fixed deposit interest offered by Catholic Syrian Bank is 7.15% per annum on deposits.
  • Its current Base Rate is 10.25%, which was last revised on 04th Nov 16.
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News - Dec 2016
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