CSB Bank trims MCLR for overnight by 10 basis points, lending rates on other tenors unchanged

MCLR for overnight tenor now stands at 7.5% from the previous 7.6%.

Aug 02, 2021 05:08 IST India Infoline News Service

CSB Bank
CSB Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR). While the lender has reduced overnight benchmark lending rates, however, it has maintained a status quo in other tenors.

The new rates have come into effect from August 01, 2021.

MCLR for overnight tenor now stands at 7.5% from the previous 7.6%.

While, MCLR stayed at 9.40% for 1-year tenor, at 8.4% for six months tenor, at 8% for three months and 7.7% for one month.

On Sensex, CSB Bank finished at Rs349.90  per piece flat compared to the previous closing. 

Related Story

Open Free Demat Account (Rs699)