DCB Bank revises MCLR on various tenor with effect tomorrow

For one year tenor, the MCLR will stand at 9.95%.

Sep 04, 2020 05:09 IST India Infoline News Service

Private lender DCB Bank on Friday revised its Marginal Cost of Funds based Lending Rate (MCLR) on various tenor with effect from September 05, 2020.

An 8.35% MCLR each will be applicable on short tenors like overnight and one-month.

For one year tenor, the MCLR will stand at 9.95%.

As for six and three months tenor, the MCLR would be 9.65% and 9.05% respectively.

DCB Bank is a new generation private sector bank with 341 branches across 19 states and 3 union territories.

On Sensex, DCB Bank stock completed at Rs88.40 per piece down 3.39%. 

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