BENGALURU: has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans / Advances by 10 basis points for Overnight and One Month tenor with effect from February 7.
The Overnight and One-Month MCLR is now 6.70 per cent, Three- Month MCLR 6.95 per cent, Six-Month MCLR 7.30 per cent, and One Year MCLR 7. 35 per cent, it said in a statement on Monday.
“Repo Linked Lending Rate (RLLR) continues to be at 6.90 per cent”, it was stated.
