Deutsche Bank Base Rate, Deutsche Bank MCLR Base Rate Past Trend

Current Deutsche 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 CRR at 4%. 100% CRR on fresh deposits withdrawn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 7.60%
1 Month 7.60%
3 Month 8.75%
6 Month 8.85%
1 Year 9.10%
Current MCLR base rate of Deutsche Bank ranges from 7.60% to 9.10% depending on the reset frequency of the loan. Rates are revised every month.
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Deutsche Bank Interest Rates
Home Loan Interest Rates 9.45% * Floating Detail
Fixed Deposit Interest Rates 4.00% to 7.75% * Detail

Past Trend Base Rate of Deutsche Bank

Deutsche 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
7.60%
7.60%
8.75%
8.85%
9.10%
-
-
-
07th Nov 16
7.95%
8.40%
8.65%
8.65%
8.90%
-
-
-
07th Oct 16
8.20%
8.65%
8.90%
8.90%
9.15%
-
-
-
07th Sep 16
8.25%
8.70%
8.95%
8.95%
9.20%
-
-
-
07th Aug 16
8.25%
8.70%
8.95%
8.95%
9.20%
-
-
-
07th Jul 16
8.40%
8.85%
9.10%
9.10%
9.35%
-
-
-
07th Jun 16
8.50%
8.95%
9.20%
9.20%
9.45%
-
-
-
07th May 16
8.50%
8.95%
9.20%
9.20%
9.45%
-
-
-
01st Apr 16
8.90%
9.15%
9.40%
9.40%
9.65%
-
-
-

Deutsche Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Deutsche 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. Deutsche Bank has different MCLR base rates ranging from 7.60% to 9.10% for different tenures

Changes in MCLR Base rate of Deutsche Bank

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

Deutsche Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Deutsche 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 Deutsche 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 Deutsche 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 9.65%. This loan will initially be priced at 10.15%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.4%, the loan will be priced at 9.9% for the next year

Past trend of Deutsche Bank Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
15th Jul 16 9.10% decreased by 0.1%
05th Apr 16: 0.25% repo cut by RBI
19th Oct 15 9.20% decreased by 0.15%
29th Sep 15: 0.5% repo cut by RBI
13th Jul 15 9.35% decreased by 0.3%
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
28th Jan 15 9.65% decreased by 0.3%
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
03rd Jan 14 9.95% increased by 0.3%
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
11th Feb 13 9.65% decreased by 0.1%
29th Jan 13: 0.25% repo cut by RBI
18th Oct 12 9.75% decreased by 0.25%
24th Apr 12 10.00% decreased by 0.5%
17th Apr 12: 0.5% repo cut by RBI
02nd Mar 12 10.50% increased by 0.5%
02nd Nov 11 10.00% increased by 0.25%
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
02nd Sep 11 9.75% increased by 0.25%
02nd Aug 11 9.50% increased by 0.25%
26th Jul 11: 0.5% repo hike by RBI
24th Jun 11 9.25% increased by 0.5%
16th Jun 11: 0.25% repo hike by RBI
04th May 11 8.75% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
16th Mar 11 8.25% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
07th Jan 11 7.75% increased by 0.5%
03rd Nov 10 7.25% increased by 0.5%
02nd Nov 10: 0.25% repo hike by RBI
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 6.75%

Deutsche Bank Base Rate Vs. RBI Repo Rate Trend

About Deutsche Bank

  • Deutsche Bank is a Foreign Bank in India with 18 branches, 37 ATM's and 1,776 employees across the country.
  • Deutsche Bank's registered office is located at Deutsche Bank AG The Capital C-70, G Block Bandra Kurla Complex Mumbai-400051 .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 2,549 crs. and Standalone net profit of Rs. 1,406 crs. Deutsche Bank reported total deposits of Rs. 57,292 crs and total advances of Rs. 0 crs.
  • Deutsche Bank's management is led by its CEO Mr. Gunit Chadha .
  • Its current Base Rate is 9.10%, which was last revised on 15th Jul 16.
X
News - Dec 2016
30th Nov 16 Deutsche Bank reduces fixed deposit rates up to 75 basis points
Deutsche Bank has reduced its fixed deposit rates up to one year tenure by 25 to 75 basis points. The rate for 8 to 45 days fixed deposits has been reduced to 4.5 percent. Similarly, fixed deposit rates for 6 months and one year deposits now stands at 5.75 and 6 percent respectively. New rates are effective from 28th November, 2016.
08th Nov 16 Deutsche Bank cuts its MCLR by 25 basis points from 7th November, 2016
Deutsche Bank has reduced its one year marginal cost based lending rate (MCLR Base Rate) by 25 basis points to 8.90 percent. The minimum overnight lending rate is cut to 7.95 percent from 8.20 percent. One month and six month lending rates are reduced to 8.40 percent and 8.65 percent respectively. The revised lending rates are effective from 7th November, 2016.
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