Money & Banking

Corporation Bank cuts MCLR by 15 bps

Our Bureau | | Updated on: Aug 15, 2019
image caption

Corporation Bank has reduced its marginal cost of funds-based lending rate (MCLR) by 15 basis points on two tenors with effect from August 15.

A press release by the bank said here that the one-year MCLR has been reduced to 8.70 per cent with this cut. The previous MCLR for a tenor of one year was 8.85 per cent.

The six-month MCLR has been reduced from 8.80 per cent to 8.65 per cent with effect from August 15.

Published on August 15, 2019

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

COMMENTS
This article is closed for comments.
Please Email the Editor

You May Also Like

Recommended for you