Money & Banking

Karnataka Bank cuts MCLR by 10 bps

Our Bureau Mangaluru | Updated on January 09, 2018

Karnataka Bank has reduced its MCLR (marginal cost of funds based lending rate) for all tenors by 10 basis points with effect from November 1, according to a press release. With this, the one-year MCLR of the bank now stands at 8.75 per cent. The six-month MCLR at 8.40 per cent, three-month at 8.35 per cent, one-month 8.30 per cent, and overnight at 8.25 per cent.

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Published on October 31, 2017
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