MUMBAI: State-run Canara Bank and Bank of Maharashtra on Monday announced reduction in their marginal cost of funds based lending rates (MCLR) by 10 basis points and 20 basis points, respectively, across all tenors, effective July 7. Bengaluru-based Canara Bank has cut its one-year MCLR to 7.55 per cent from 7.65 per cent earlier. Overnight…
MUMBAI: State-run Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by 20 basis points across tenors. The new rates are applicable from July 11. The revised one-year MCLR stands at 7.40 per cent against 7.60 per cent earlier, the bank said in a release. Three-month and…
MUMBAI: HDFC Bank has cut its marginal cost of funds-based lending rate (MCLR) by 5 basis points (bps) across tenors. The rate cut is effective from Monday (June 8), according to its website. HDFC Bank said its overnight MCLR stands reduced to 7.30 per cent, while one-month MCLR is 7.35 per cent. One-year MCLR, to…
MUMBAI: State-run lenders Bank of Baroda (BoB) and Union Bank of India (UBI) on Wednesday announced cut in their marginal cost of funds-based lending rates (MCLR) across all tenors. While the BoB’s MCLR cut of 15 basis points (bps) is effective from June 12, the 10 bps revision in UBI’s rates would come into force…
NEW DELHI: State-owned Canara Bank on Saturday announced reduction in its repo-linked lending rate (RLLR) by 40 basis points (bps) to 6.90 per cent. Meanwhile, the Bengaluru-based bank also slashed its marginal cost of fund-based lending rate (MCLR) by 20 basis points across various tenors. The revised lending rates will be effective from June 7,…
NEW DELHI: Public sector lender Indian Overseas Bank has cut marginal cost of funds based lending rate (MCLR) by up to 0.30 per cent across all tenors, which will bring down cost for consumer loans. The benchmark one-year MCLR, against which most of the consumer and retail loans are priced, has been cut by 0.20…
MUMBAI: State-owned Bank of Maharashtra (BoM) on Friday announced reduction in its repo-linked lending rate (RLLR) by 40 basis points (bps) to 7.05 per cent. The revision in RLLR rates will be effective from June 8, the bank said in a release. “Now, all retail loans (housing, education, vehicle), loans to MSMEs, which are linked…
CHENNAI: State-owned Indian Bank has announced a cut in its marginal cost of fund-based lending rate (MCLR) by 30 basis points across various tenors. The new interest rates will be effective from June 3, the bank said in a regulatory filing. The rate cut is in line with easing of interest rate in the market…
MUMBAI: State-owned Bank of India (BoI) on Friday announced a reduction of its marginal cost of funds-based lending rate (MCLR) by 25 basis points across all tenors, effective June 1. The revised one-year MCLR will be 7.70 per cent as against 7.95 per cent earlier, the bank said in a release. One-month and six-month MCLRs…
MUMBAI: State-run Uco Bank on Friday said it has reduced its lending rate linked to the Reserve Bank of India’s (RBI) repo rate by 40 basis points. “We have slashed the repo based lending rate – UCO Float by 0.40 per cent to 6.90 per cent from 7.30 per cent, effective from May 27,” the…
