Central Bank of India reduced MCLR by 20bps

The bank has reduced 1-year MCLR by 20bps from 8.50% to 8.30% and also reduced across all other tenors effective from August 15, 2019.

Aug 14, 2019 10:08 IST India Infoline News Service

Central Bank of India
Central Bank of India has reduced 1-year MCLR by 20bps from 8.50% to 8.30% and also reduced across all other tenors effective from August 15, 2019.

MD & CEO also informed that the Bank will come out with New Products in Retail Segments having Repo Linked Interest Rate i.e. RLIR during September 2019.

Share price of Central Bank of India ended at Rs18.90, down by Rs0.3 or 1.56% from its previous closing of Rs19.20 on the BSE.

The scrip opened at Rs19.20 and touched a high and low of Rs19.20 and Rs17.85 respectively.

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