Want auto, personal, home loan? Good news! IDBI Bank cuts MCLR by 5-10 bps across various tenors
In another good news for customers, Life Insurance Corporation of India (LIC)-owned IDBI Bank Wednesday reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points across various tenors, with immediate effect.
The cut came one day after state-run Oriental Bank of Commerce had decided to pass on similar benefits to its customers. Source - PTI.