DBS Bank Base Rate, DBS Bank MCLR Base Rate Past Trend

Current DBS Bank MCLR Base Rate

Last Updated 29th 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 CRR at 4%. 100% CRR on fresh deposits withdrawn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 8.35%
1 Month 8.35%
3 Month 8.35%
6 Month 8.35%
1 Year 8.50%
Current MCLR base rate of DBS Bank ranges from 8.35% to 8.50% depending on the reset frequency of the loan. Rates are revised every month.
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DBS Bank Interest Rates
Home Loan Interest Rates 9.20% * Floating Detail
Loan Against Property Rates 10.00% * Floating Detail
Fixed Deposit Interest Rates 5.00% to 8.00% * Detail

Past Trend Base Rate of DBS Bank

DBS 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
07th Dec 16
8.35%
8.35%
8.35%
8.35%
8.50%
-
-
-
07th Nov 16
8.50%
8.50%
8.55%
8.60%
8.65%
-
-
-
07th Oct 16
8.65%
8.65%
8.70%
8.75%
8.80%
-
-
-
07th Sep 16
8.70%
8.70%
8.75%
8.80%
8.85%
-
-
-
06th Aug 16
8.80%
8.80%
8.85%
8.90%
8.90%
-
-
-
07th Jul 16
8.85%
8.85%
8.90%
8.95%
8.95%
-
-
-
07th Jun 16
8.90%
8.90%
8.95%
9.00%
9.00%
-
-
-
07th May 16
8.90%
8.90%
8.95%
9.00%
9.05%
-
-
-
01st Apr 16
9.00%
9.00%
9.05%
9.10%
9.15%
-
-
-

DBS Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, DBS 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. DBS Bank has different MCLR base rates ranging from 8.35% to 8.50% for different tenures

Changes in MCLR Base rate of DBS Bank

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

DBS Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by DBS 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 DBS 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 DBS 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 9.15%. This loan will initially be priced at 9.65%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 8.9%, the loan will be priced at 9.4% for the next year

Past trend of DBS Bank Base Rate vs RBI Repo Rate

Date Base Rate
07th Oct 16 8.85%
04th Oct 16: 0.25% repo cut by RBI
07th Jul 16 8.90% decreased by 0.05%
07th Jun 16 8.95% decreased by 0.05%
09th May 16 9.00% decreased by 0.1%
05th Apr 16: 0.25% repo cut by RBI
01st Feb 16 9.10% decreased by 0.1%
29th Sep 15: 0.5% repo cut by RBI
07th Sep 15 9.20% increased by 2.2%
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
04th Mar 15 9.40% decreased by 0.6%
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
10th Dec 13 10.00%
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
02nd Sep 13 9.75% increased by 0.35%
07th Aug 13 9.50% decreased by 0.25%
03rd Jun 13 9.00% decreased by 0.5%
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
23rd Jan 13 9.25% increased by 0.25%
01st Oct 12 9.50% increased by 0.25%
01st Jun 12 9.75% increased by 0.25%
17th Apr 12: 0.5% repo cut by RBI
01st Mar 12 10.00% increased by 0.25%
21st Nov 11 9.50% decreased by 0.5%
01st Nov 11 9.25% decreased by 0.25%
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
01st Sep 11 9.00% decreased by 0.25%
26th Jul 11: 0.5% repo hike by RBI
01st Jul 11 8.75% decreased by 0.25%
16th Jun 11: 0.25% repo hike by RBI
03rd May 11: 0.5% repo hike by RBI
02nd May 11 8.50% decreased by 0.25%
17th Mar 11: 0.25% repo hike by RBI
01st Mar 11 8.25% decreased by 0.25%
25th Jan 11: 0.25% repo hike by RBI
01st Jan 11 8.00% decreased by 0.25%
02nd Nov 10: 0.25% repo hike by RBI
20th Oct 10 7.25% decreased by 0.75%
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 7.00% decreased by 0.25%

DBS Bank Base Rate Vs. RBI Repo Rate Trend

About DBS Bank

  • DBS Bank is a HFC in India with 12 branches, 31 ATM's and 953 employees across the country.
  • DBS Bank's registered office is located at 12 Marina Boulevard, Level 3 Marina Bay Financial Centre Tower 3 Singapore-018982 .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 804 crs. and Standalone net profit of Rs. -105 crs. DBS Bank reported total deposits of Rs. 17,395 crs and total advances of Rs. 15,845 crs.
  • DBS Bank's management is led by its CEO Mr. Sanjiv.
  • Its current Base Rate is 8.85%, which was last revised on 07th Oct 16.
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News - Dec 2016
25th Aug 16 DBS Bank eyes Indian SME sector
DBS Bank is looking forward to increase its SME customer base by 30-40% in the current fiscal year with its new product offerings. The bank offers a wide variety of asset and liability side products to its SME customers. The bank is primarily focusing on the chemicals, auto and auto ancillary and pharmaceuticals sector for extending their loans.
03rd Aug 16 DBS Bank keen on expanding digital offerings in India, says CEO Gupta
DBS Bank will launch a complete digital platform named Digibank in India for lending to SMEs by the end of this year. India will be the first market to launch digital SME platform by the bank in line with its strategic focus of expanding SME lending in India. DBS bank is also looking to open 48 more branches in India in the coming years if they get regulatory approval by the government.
28th Apr 16 DBS taps digital platform to grow retail banking operations
DBS Bank is looking to grow its retail banking operation using digital channels. DBS launched a mobile only bank on Tuesday and aims to garner 5 million customers and a deposit base of Rs.50000 crore over the next five years. The DBS mobile application named digibank will allow individuals to access a wallet at first and then open a savings deposit account with the bank. The balance in the account will earn 7% interest per annum.
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