Money & Banking

Andhra Bank cuts MCLR for five tenors

Our Bureau Hyderabad | Updated on October 15, 2019 Published on October 15, 2019

File photo   -  The Hindu

Andhra Bank has reduced the Marginal Cost of Funds based Lending Rates (MCLR), with effect from October 15, 2019, across all five tenors - overnight, one month, three month, six months and one year.

MCLR for these tenors are 7.80 per cent for overnight, 7.85 per cent for one month, 8.05 per cent for three months, 8.20 per cent for six months and 8.30 per cent for one year, according to a release.

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Published on October 15, 2019
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