DCB Bank revises MCLR on various tenor; Stock dips 1%

The new rates have come into effect from February 06, 2021.

Feb 08, 2021 02:02 IST India Infoline News Service

DCB Bank has revised its Marginal Cost of Funds based Lending Rate (MCLR) across tenors. The new rates have come into effect from February 06, 2021.

At around 2.40 pm, DCB Bank was trading at Rs113.90 per piece down by 1.26% on Sensex.

As per the regulatory filing, DCB Bank's one-year MCLR stands at 9.43%. While six-month MCLR stood at 9.33%.

On three-month tenor, the MCLR comes at 8.88%. On shorter terms such as overnight and one-month, MCLR stays at 8.18% each.

DCB Bank Limited is a new generation private sector bank with 347 branches across 18 states and 2 union territories. It is a scheduled commercial bank regulated by the Reserve Bank of India. It is professionally managed and governed.

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