For tenors like overnight and one-month, MCLR will be 7.80% and 7.90% compared to existing 8.20% and 8.30% respectively. A 40 basis points cut each was applied on these tenors.
Further, MCLR would stand at 8.20% and 8.60% on three-month and six-month tenor as against 8.50% and 8.90% respectively. Here, MCLR was brought down by 30 basis points each.
However, for 1-year tenor, the lender kept MCLR rate unchanged at 9.50%.
At around 1.55 pm, the CSB Bank stock was trading at Rs190.50 per piece down by 0.69% on Sensex. The stock has touched an intraday high and low of Rs190.90 per piece and Rs185.55 per piece respectively.