State Bank of Patiala Base Rate, State Bank of Patiala MCLR Base Rate Past Trend

Current State Bank of Patiala MCLR Base Rate

Last Updated 26th 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 CRR at 4%. 100% CRR on fresh deposits withdrawn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 8.95%
1 Month 9.05%
3 Month 9.10%
6 Month 9.15%
1 Year 9.20%
2 Year 9.30%
3 Year 9.35%
Current MCLR base rate of State Bank of Patiala ranges from 8.95% to 9.35% 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
State Bank of Patiala Interest Rates
Home Loan Interest Rates 9.30% * Floating Detail
Loan Against Property Rates 14.20% * Floating Detail
Fixed Deposit Interest Rates 5.50% to 7.00% * Detail

Past Trend Base Rate of State Bank of Patiala

State Bank of Patiala 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
15th Nov 16
8.95%
9.05%
9.10%
9.15%
9.20%
9.30%
9.35%
-
15th Oct 16
9.10%
9.20%
9.25%
9.30%
9.35%
9.45%
9.50%
-
15th Apr 16
9.25%
9.35%
9.40%
9.45%
9.50%
9.60%
9.65%
-
01st Apr 16
9.40%
9.50%
9.55%
9.60%
9.65%
9.75%
9.80%
-

State Bank of Patiala base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, State Bank of Patiala 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. State Bank of Patiala has different MCLR base rates ranging from 8.95% to 9.35% for different tenures

Changes in MCLR Base rate of State Bank of Patiala

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

State Bank of Patiala home loan interest rate and MCLR

  • Every floating rate loan sanctioned by State Bank of Patiala 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 State Bank of Patiala 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 State Bank of Patiala 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 State Bank of Patiala Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
05th Oct 15 9.65% decreased by 0.3%
29th Sep 15: 0.5% repo cut by RBI
08th Jun 15 9.95% decreased by 0.15%
02nd Jun 15: 0.25% repo cut by RBI
08th May 15 10.10% increased by 2.35%
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
04th Sep 13 10.25%
22nd Jul 13 10.00% decreased by 0.25%
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
22nd Feb 13 10.25% increased by 0.25%
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
17th Aug 11 10.50% increased by 0.25%
26th Jul 11: 0.5% repo hike by RBI
13th Jul 11 10.00% decreased by 0.5%
16th Jun 11: 0.25% repo hike by RBI
18th May 11 9.50% decreased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
17th Feb 11 9.00% decreased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
03rd Jan 11 8.50% decreased by 0.5%
02nd Nov 10: 0.25% repo hike by RBI
25th Oct 10 8.00% decreased 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% decreased by 0.25%

State Bank of Patiala Base Rate Vs. RBI Repo Rate Trend

About State Bank of Patiala

  • State Bank of Patiala is a Public Sector Bank in India with 1,380 branches, 1,437 ATM's and 14,492 employees across the country.
  • State Bank of Patiala's registered office is located at 302, The Bureau Chambers, Above State Bank of Patiala, Chembur, Mumbai–400071, Maharashtra .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 2,597 crs. and Standalone net profit of Rs. 561 crs. State Bank of Patiala reported total deposits of Rs. 92,705 crs and total advances of Rs. 78,642 crs.
  • State Bank of Patiala's management is led by its CEO Mr. S.A. Ramesh Rangan.
  • Highest fixed deposit interest offered by State Bank of Patiala is 7.00% per annum on deposits.
  • Its current Base Rate is 9.65%, which was last revised on 05th Oct 15.
X
News - Dec 2016
*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.