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

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.

Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc Syndicate Bank cuts MCLR by 0.10 pc State-owned Oriental Bank of Commerce (OBC) has cut the marginal cost of funds-based lending rate (MCLR) by up to 10 basis points (bps) for various tenors with effect from Thursday.

Punjab National Bank cuts MCLR by 10 to 15 basis points 1 min read. Updated: 01 May 2017, 04:40 PM IST PTI. PNB’s overnight MCLR has been revised the most i.e. by 15 basis points.

Corporation Bank, Allahabad Bank, Dhanlaxmi Bank jump up to 10 pc post RBI move stock alert! 12 psbs make investors richer by 5% to 19%; know why While benchmark index Sensex was trading on a cautious note on Wednesday’s trading session, there were three bank stocks that were reliving their glorious days after a long time as investors.

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Corporation Bank cuts 1-year mclr by 5 bps to 8.85 per cent Following the RBI’s move to slash repo rate by 25 basis points in its bi-monthly monetary policy on June 6, banks have started to cut their MCLR.

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New Delhi:State-owned Andhra Bank has increased the marginal cost of funds based lending rate (MCLR) by 0.05% to up to 8.55% for various tenors. "This is to inform that the bank has increased.

Corporation Bank cuts 1-year MCLR by 5 bps to 8.85 per cent Following the RBI’s move to slash repo rate by 25 basis points in its bi-monthly monetary policy on June 6, banks have started to cut their MCLR.

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State Bank of India (SBI) has cut its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points. The move is supposed to make customer loans like home loans and car loans cheaper. The lender has reduced a one-year MCLR rate to 8.40% as against 8.45% earlier.