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  • Bank announces new MCLR lending rates effective April 1

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    Bank announces new lending rates based on Marginal Cost of Funds based Lending Rate (MCLR) effective April 1, 2016 per RBI guidelines. The bank's MCLR rates range from overnight to five years, with the one year rate set at [rate]. Customers should check the bank's website for the latest interest rate information.

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    Bank announces new lending rates based on Marginal Cost of Funds based Lending Rate (MCLR) effective April 1, 2016 per RBI guidelines. The bank's MCLR rates range from overnight to five years, with the one year rate set at [rate]. Customers should check the bank's website for the latest interest rate information.

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    © All Rights Reserved
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    10 views1 page

    Bank announces new MCLR lending rates effective April 1

    Uploaded by

    torjha
    Bank announces new lending rates based on Marginal Cost of Funds based Lending Rate (MCLR) effective April 1, 2016 per RBI guidelines. The bank's MCLR rates range from overnight to five years, with the one year rate set at [rate]. Customers should check the bank's website for the latest interest rate information.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Press Release

    April 01, 2016

    Bank announces introduction of Marginal Cost of Funds


    based Lending Rate (MCLR)
    As per RBI guidelines, all floating rate rupee loans sanctioned and credit limits renewed
    w.e.f April 1, 2016 are to be priced with reference to the Marginal Cost of Funds based
    Lending Rate (MCLR).
    Bank announces the introduction of following benchmark MCLR rates:
    MCLRs with
    effect from 1
    April 2016:
    Tenor
    Overnight
    One month
    Three month
    Six month
    One year
    Two years
    Three years
    Five Years
    These rates are valid till the next review.
    For the latest information please visit Banks

    MCLR %

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