DCB Bank sets MCLR in 9.32-10.83% range

Our Bureau Updated - January 20, 2018 at 10:49 AM.

Private sector bank DCB Bank has set its marginal cost of funds-based lending rate (MCLR) in the 9.32-10.83 per cent range.

While the overnight MCLR has been pegged at 9.32 per cent, the three-year MCLR has been set at 10.83 per cent.

The one-year MCLR is at 10.52 per cent.

All rupee loans sanctioned and credit limits renewed with effect from May 4 will be with reference to MCLR, the bank said in a statement.

Also, DCB Bank has revised its base rate from 10.70 per cent to 10.64 per cent.

Published on April 26, 2016 08:06