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State Bank of Travancore MCLR Rates, State Bank of Travancore Base Rate – Apr 2017

Last Updated 25th Mar 2017

State Bank of Travancore MCLR Rate – Current Rate, Past Trend

Current MCLR of State Bank of Travancore ranges from 7.95% to 8.55% depending on the reset frequency of the loan. Rates are revised every month.

State Bank of Travancore MCLR, Base Rate Tenure
7.95% Overnight
8.15% 1 Month
8.25% 3 Month
8.40% 6 Month
8.55% 1 Year
Base rate - 9.95% Past Trend
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State Bank of Travancore Interest Rates
Home Loan Interest Rates 9.20% * Floating Detail
Loan Against Property Rates 11.95% * Floating Detail
Fixed Deposit Interest Rates 5.50% to 7.00% * Detail

Past Trend MCLR Rate of State Bank of Travancore

State Bank of Travancore MCLR 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 Mar 17
7.95%
8.15%
8.25%
8.40%
8.55%
-
-
-
01st Feb 17
7.95%
8.15%
8.25%
8.40%
8.55%
-
-
-
02nd Jan 17
8.60%
8.80%
8.90%
9.05%
9.20%
-
-
-
01st Dec 16
8.85%
9.05%
9.15%
9.30%
9.45%
-
-
-
01st Nov 16
9.00%
9.10%
9.20%
9.40%
9.60%
-
-
-
22nd Jul 16
9.00%
9.10%
9.20%
9.40%
9.60%
-
-
-
22nd Jun 16
9.00%
9.10%
9.20%
9.45%
9.65%
9.80%
9.90%
-
22nd May 16
9.00%
9.10%
9.35%
9.65%
9.85%
-
-
-
01st Apr 16
9.35%
9.45%
9.55%
9.75%
9.85%
9.95%
10.00%
-

State Bank of Travancore MCLR Base Rate Vs. RBI

  • RBI requires banks to set their own MCLR Rate based on their marginal cost of funds. So, State Bank of Travancore decides its own MCLR Rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR 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 Travancore has different MCLR base rates ranging from 7.95% to 8.55% for different tenures

Changes in MCLR of State Bank of Travancore

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

State Bank of Travancore home loan interest rate and MCLR

  • Every floating rate loan sanctioned by State Bank of Travancore is benchmarked to its MCLR 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 Travancore 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 Travancore will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 9.85%. This loan will initially be priced at 10.35%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.6%, the loan will be priced at 10.1% for the next year

Past trend of State Bank of Travancore Base Rate vs RBI Repo Rate

Date RBI Rates Bank Rates
08th Feb 17 0%
07th Dec 16 0%
04th Oct 16 0.25%
05th Apr 16 0.25%
05th Oct 15 9.95% 0.2%
29th Sep 15 0.5%
02nd Jun 15 0.25%
16th Mar 15 10.15% 0.1%
04th Mar 15 0.25%
15th Jan 15 0.25%
28th Jan 14 0.25%
18th Dec 13 0%
29th Oct 13 0.25%
20th Sep 13 0.25%
03rd May 13 0.25%
19th Mar 13 0.25%
29th Jan 13 0.25%
08th Oct 12 10.25% 0.25%
17th Apr 12 0.5%
25th Oct 11 0.25%
26th Sep 11 10.50% 0.25%
16th Sep 11 0.25%
08th Aug 11 10.25% 0.5%
26th Jul 11 0.5%
05th Jul 11 9.75% 0.25%
16th Jun 11 0.25%
09th May 11 9.50% 0.5%
03rd May 11 0.5%
17th Mar 11 0.25%
16th Feb 11 9.00% 0.5%
25th Jan 11 0.25%
03rd Jan 11 8.50% 0.5%
02nd Nov 10 0.25%
11th Oct 10 8.00% 0.25%
16th Sep 10 0.25%
27th Jul 10 0.25%
02nd Jul 10 0.25%
01st Jul 10 7.75%

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

About State Bank of Travancore

  • State Bank of Travancore is a Public Sector Bank in India with 1,181 branches, 1,602 ATM's and 13,775 employees across the country.
  • State Bank of Travancore's registered office is located at Poojappura, Thiruvananthapuram Kerala-695012 .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 2,283 crs. and Standalone net profit of Rs. 336 crs. State Bank of Travancore reported total deposits of Rs. 91,077 crs and total advances of Rs. 69,907 crs.
  • State Bank of Travancore's management is led by its CEO Mr. Jeevandass Narayan.
  • Its current Base Rate is 9.95%, which was last revised on 05th Oct 15.

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News - Apr 2017
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