Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc – Times of India

indian overseas bank cuts MCLR by 5 bps . After the country’s central bank cut the repo rate by 25 basis points recently, state-run Indian Overseas Bank has reduced its lending rate marginally. The bank has cut the Marginal cost of funds-based lending rate (MCLR) for its all its loan tenures by 5 basis points.

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Corporation Bank cuts 1-year MCLR by 5 bps to 8.85% Following the RBI’s move to slash repo rate by 25 basis points in its bi-monthly monetary policy on June 6, banks have started to cut their MCLR.

Partial Possession: Know if it is fair on Homebuyers Part Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc – Times of India Bank of india hikes mclr by 5 basis points on two loan maturities. bank of India has reportedly hiked its marginal cost of funds based lending rate (mclr) by 5 basis points (bps) or 0.05% on the one-month and.

Yes Bank cuts MCLR by 10 bps mid-sized private sector lender Yes Bank today cut its marginal cost of funds based lending rate (MCLR) by 0.10 per cent across tenors, reacting to similar moves by competition.

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