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

Current State Bank of Travancore 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 CRR at 4%. 100% CRR on fresh deposits withdrawn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 8.85%
1 Month 9.05%
3 Month 9.15%
6 Month 9.30%
1 Year 9.45%
Current MCLR base rate of State Bank of Travancore ranges from 8.85% to 9.45% depending on the reset frequency of the loan. Rates are revised every month.
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State Bank of Travancore Interest Rates
Home Loan Interest Rates 9.45% * Floating Detail
Loan Against Property Rates 12.20% * Floating Detail
Fixed Deposit Interest Rates 5.50% to 7.00% * Detail

Past Trend Base Rate of State Bank of Travancore

State Bank of Travancore 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
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 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 Travancore 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 Travancore has different MCLR base rates ranging from 8.85% to 9.45% for different tenures

Changes in MCLR Base rate 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 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 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 Base Rate
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
05th Oct 15 9.95% decreased by 0.2%
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
16th Mar 15 10.15% increased by 2.4%
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
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
08th Oct 12 10.25%
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
26th Sep 11 10.50% increased by 0.25%
16th Sep 11: 0.25% repo hike by RBI
08th Aug 11 10.25% decreased by 0.25%
26th Jul 11: 0.5% repo hike by RBI
05th Jul 11 9.75% decreased by 0.5%
16th Jun 11: 0.25% repo hike by RBI
09th May 11 9.50% decreased by 0.25%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
16th 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
11th 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 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.
  • Highest fixed deposit interest offered by State Bank of Travancore is 7.00% per annum on deposits.
  • Its current Base Rate is 9.95%, which was last revised on 05th Oct 15.
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News - Dec 2016
26th Apr 16 State Bank of Travancore Q4 profit falls 67.63 per cent
State Bank of Travancore said its net profit for the March quarter fell 67.63% due to higher provisions. Net profit for the quarter stood at Rs.62.14 crore as compared to Rs.191.97 crore a year ago. Net interest income increased 8.6% to Rs.631.31 crore from Rs.581.40 crore last year. In December, RBI asked banks to make adequate provisions for these stressed assets over the third and fourth quarters of the current fiscal year. This could hit the profitability of some banks.
29th Mar 16 SBT launches education loan settlement plan
SBT has launched a grievance package named Karunya Hasta 2016 for those who find it hard to repay educational loans taken from its branches in Thiruvananthapuram. The new scheme is for helping people who could not pay installments of education loan promptly after being hit by low price of agriculture produce and economic recession. As per the new scheme 50% of the settlement amount will have to be paid on that day itself. The remaining can be paid within 60 days. Those who can pay the settled amount at one go will be exempted from paying fine on the interest.
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