State Bank of India Maintains MCLR Rates Amid Stable Monetary Policy

State Bank of India (SBI) announced on 15 October 2025 that it will keep its Marginal Cost of Funds Based Lending Rate (MCLR) and external benchmark‑linked rates unchanged for the month of October. The decision follows the Reserve Bank of India’s announcement that the repo rate will remain at 5.5 %.

The bank’s MCLR is a key indicator of lending costs for borrowers and is adjusted by the institution in response to changes in its funding costs and the RBI’s policy stance. By maintaining the rates, SBI signals confidence in the current liquidity environment and its ability to sustain credit growth without passing increased costs onto customers.

Market Reaction

On 16 October 2025, SBI’s shares traded at ₹889.15, slightly below the 52‑week high of ₹894.75 but above the 52‑week low of ₹680. The stock’s price‑earnings ratio stood at 9.99, reflecting modest earnings growth relative to the market. The market capitalisation was reported at ₹8,207,403,864,396.

Human Resources Update

In parallel with the rate announcement, SBI’s recruitment activities remained active. As of 18 October 2025, the bank had not yet released the results for the Probationary Officer (PO) mains examination. Candidates are advised to monitor the official SBI website for updates on result publication.

Summary

SBI’s decision to hold MCLR rates aligns with the RBI’s unchanged repo rate, indicating stability in the banking sector’s cost of funds. The bank’s share price remains within its recent trading range, and recruitment processes continue without disruption.