Kolkata-based Allahabad Bank has reduced its marginal cost of funds based lending rate (MCLR).
The reduction comes into effect from Monday, June 12.
MCLR for one-year tenure has been reduced by 10 basis points i.e. from 8.60 per cent to 8.50 per cent.
The bank also reduced the one-month, three-month and six-month MCLR by 15 basis points.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.