Vijaya Bank cuts MCLR

Vijaya Bank has reduced its marginal cost of funds-based lending rate (MCLR) by up to 20 basis points. Consequent upon the review, the bank has revised the MCLRs with effect from October 7 for the following tenors: overnight 7.90 per cent (existing 8.10 per cent); one month 7.90 per cent (8.10 per cent); and three months 8.15 per cent (8.20 per cent). The MCLRs for the rest of the tenors remain unchanged.