Development Credit Bank Base Rate, Development Credit Bank MCLR Base Rate Past Trend

Current Development Credit 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 CRR at 4%. 100% CRR on fresh deposits withdrawn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 9.28%
1 Month 9.68%
3 Month 10.08%
6 Month 10.28%
1 Year 10.48%
2 Year 10.59%
3 Year 10.79%
Current MCLR base rate of Development Credit Bank ranges from 9.28% to 10.79% depending on the reset frequency of the loan. Rates are revised every month.
Apply Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 






I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry
Development Credit Bank Interest Rates
Home Loan Interest Rates 10.70% * Floating Detail
Loan Against Property Rates 13.25% * Floating Detail
Fixed Deposit Interest Rates 4.00% to 7.50% * Detail

Past Trend Base Rate of Development Credit Bank

Development Credit 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
25th Aug 16
9.28%
9.68%
10.08%
10.28%
10.48%
10.59%
10.79%
-
04th May 16
9.32%
9.72%
10.12%
10.32%
10.52%
10.63%
10.83%
-
01st Apr 16
9.80%
9.92%
10.12%
10.32%
10.52%
10.63%
10.83%
-

Development Credit Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Development Credit 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. Development Credit Bank has different MCLR base rates ranging from 9.28% to 10.79% for different tenures

Changes in MCLR Base rate of Development Credit Bank

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

Development Credit Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Development Credit 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 Development Credit 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 Development Credit 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 10.52%. This loan will initially be priced at 11.02%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 10.27%, the loan will be priced at 10.77% for the next year

Past trend of Development Credit Bank Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
04th May 16 10.64% decreased by 0.06%
05th Apr 16: 0.25% repo cut by RBI
14th Dec 15 10.70% decreased by 0.15%
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
01st Sep 13 10.85% increased by 0.35%
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
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
01st Aug 11 10.50% increased by 0.5%
26th Jul 11: 0.5% repo hike by RBI
16th Jun 11: 0.25% repo hike by RBI
01st Jun 11 10.00% increased by 0.5%
07th May 11 9.50% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
05th Feb 11 9.00% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
11th Dec 10 8.50% increased by 0.25%
02nd Nov 10: 0.25% repo hike by RBI
05th Oct 10 8.25% 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 7.75%

Development Credit Bank Base Rate Vs. RBI Repo Rate Trend

About Development Credit Bank

  • Development Credit Bank is a Private Bank in India with 184 branches, 328 ATM's and 3,352 employees across the country.
  • Development Credit Bank's registered office is located at 601 & 602, Peninsula Business Park, 6th floor, Tower A, Senapati Bapat Marg, Mumbai Maharashtra-400013 .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 508 crs. and Standalone net profit of Rs. 47 crs. Development Credit Bank reported total deposits of Rs. 12,609 crs and total advances of Rs. 10,465 crs.
  • Development Credit Bank's management is led by its CEO Mr. Murali.M. Natrajan.
  • Its current Base Rate is 10.64%, which was last revised on 04th May 16.
X
News - Dec 2016
15th Apr 16 DCB Bank Q4FY16 standalone net profit rises 10.47%
DCB Bank reported standalone net profit of Rs 69.53 crore for the quarter ended March 31, 2016, registering growth of 10.47%. Net Interest Income for the quarter stood at Rs 168.69 crore, clocking growth of 30.09%. GNPA for the quarter stood at 1.51% down 25 bps. For the year ended March 31, 2016, the bank reported net profit of Rs. 194.53 crore.
09th Mar 16 Thomas Cook India starts trade finance services
Travel company Thomas Cook India has teamed up with Western Union Business Solutions and Indian DCB Bank to help the country SMEs perform cross border trade payments. Thomas Cook will reach out to its SME client base and the larger SME market to refer their trade transactions to DCB Bank through the Western Union platform. The idea is to leverage Western Union payment technology and DCB Bank trade finance expertise to improve relationship management and automate payment confirmation, ultimately enhancing procurement for SMEs.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.