Money & Banking

Karnataka Bank cuts MCLR by 5 bps

Our Bureau Mangaluru | Updated on January 16, 2018 Published on October 07, 2016

Karnataka Bank has reduced its marginal cost of funds based lending rate (MCLR) by five basis points effective October 1, according to a press release. With this, the one-year MCLR of the bank now stands at 9.15 per cent. The six-month MCLR at 9.10 per cent, three-month at 9.05 per cent, one-month 9 per cent, and overnight MCLR at 8.90 per cent.

Published on October 07, 2016
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