South Indian Bank revises MCLR on various tenor with effect from today; stock tumbles 2.5%

One-year MCLR now stands at 8.20%.

Nov 20, 2020 11:11 IST India Infoline News Service

The South Indian Bank
Kerala-based South Indian Bank has revised its Marginal Cost of Funds Based Lending Rates (MCLR) for multiple tenors with effect from today onward.

One-year MCLR now stands at 8.20%.

While MCLR of 8.05% and 8% is applicable on six-month and three-month tenor.

On the shorter term, MCLR stands at 7.95% each on one-month and overnight tenor.

At around 11.54 am, South Indian Bank was trading at Rs6.79 per piece down 2.58% on Sensex.

The stock has touched an intraday high and low of Rs7.05 per piece and Rs6.64 per piece respectively.

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