Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc – Times of India

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MCLR: Current MCLR Rate [All About MCLR] | 22 Jun 2019 – Indian Overseas Bank cuts MCLR by 5 bps . After the country’s central bank cut the repo rate by 25 basis points recently, state-run Indian Overseas Bank has reduced its lending rate marginally. The bank has cut the Marginal cost of funds-based lending rate (MCLR) for its all its loan tenures by 5 basis points.

Corporation Bank cuts MCLR for one-year tenor loans by five. – Corporation Bank on Friday said it has reduced marginal cost of funds based lending rate (MCLR) for one-year tenor loan by five basis points to 8.85 per cent. The one-year MCLR is the benchmark.

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Corporation Bank cuts 1 year MCLR by 5 basis points to 8.85% – NEW DELHI: Corporation Bank on Friday said it has reduced marginal cost of funds based lending rate (MCLR) for one-year tenor loan by 5 basis points. to 8.85 per cent earlier. MCLR for other tenors.

Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc. – Corporation Bank Friday said it has reduced marginal cost of funds based lending rate (MCLR) for one-year tenor loan by 5 basis points to 8.85 per cent. The one-year MCLR is the benchmark against which most customer loans such as auto, personal and home loans are priced.

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