Current Affairs

Current Affairs One-Liner: 10th December 2019

  • State Bank of India has announced the 8th consecutive reduction of this fiscal in its marginal cost of fund based lending rate (MCLR) by 10 basis points across all one-year products. The new one-year MCLR has been cut to 7.90 % from 8 % and will be effective from 10th Dec 19.
  • National Stock Exchange launched interest rate options on ten-year Government bonds to provide institutional investors the ability to manage risk through a non-linear product. The Interest rate options are 7.26% 2029 bond and 6.45% 2029 bond.
Current Affairs One-Liner: 10th December 2019
Current Affairs One-Liner: 10th December 2019 Current Affairs One-Liner: 10th December 2019 Reviewed by Neha Verma on December 10, 2019 Rating: 5

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