Corporation Bank sets overnight MCLR at 9%

India Infoline News Service | Mumbai | December 01, 2016 09:48 IST

As per RBI guidelines, the bank has approved MCLR for all Rupee loans sanctioned with effect from December 1st 2016.

Corporation Bank
Corporation Bank on Thursday declared its marginal cost of funds based lending rate (MCLR) for one year at 9.45%. As per RBI guidelines, the bank has approved MCLR for all Rupee loans sanctioned with effect from December 1, 2016.

Besides the one-year tenor, the bank has declared MCLR for four other tenors — overnight (9%), one month (9.15%), three months (9.20%), six months (9.35%).
 

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