The lender revised MCLR by 5 bps (basis points) each on respective tenors. MCLR for one-year tenor now stands at 8.20%.
While MCLR for six-month and three-month tenor stays at 8% and 7.90% respectively.
MCLR of 7.85% and 7.80% was imposed on tenor like one-month and overnight.
Meanwhile, the base rate was trimmed by 10 bps to 9.75% from previous 9.85%.
The latest interest rates are in effect from September 20, 2020.
At around 2.05 PM, the bank's stock on Sensex was trading at Rs6.86 per piece down 1.29%. The stock has touched the day's low of Rs6.85 per piece.