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

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Axis Bank cuts 1 year MCLR by 15 bps at 9.35% The Bank has also reduced the Base Rate by 5 basis points to 9.45% from existing 9.50% also effective from April 18, 2016.

New Delhi, Jun 14 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.

Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pct Corporation Bank’s tenor based MCLR, for all new rupee loans and advances including renewals, is revised with effect from June 15 2019. Banks have started to cut MCLR post RBI’s move to slash repo rate by 25 basis points on June 6.

ETRealty.com brings latest repo rate news, views and updates from all top sources for the Indian Real Estate industry.. Corporation Bank cuts 1-year MCLR by 5 bps to 8.85%. industry. with country’s largest lender State Bank of India raising it by 0.05 per cent for various tenures effective.

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Corporation Bank cuts 1-year MCLR by 5 bps to 8.85% 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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Kolkata-headquartered United Bank of India has cuts its marginal cost of funds-based lending rate (MCLR) by up to 90 basis points across tenors. Following the cut, the one-year MCLR has been revised t

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