Central Bank of India reduces MCLR - Check revised tenor wise interest rates
In a major development, Central Bank of India has reduced its 1-year MCLR from 7.15% to 7.10% and also reduces MCLR of other tenors by 5 bps w.e.f. 15th September 2020.
Recently, Union Bank of India had announced reduction in Marginal Cost of Funds- based Lending rate (MCLR) by 5 basis points across all tenors. Pixabay pic.