DCB Bank revises Marginal Cost of Funds based Lending Rate; Stock gains

MCLR is effective from October 6, 2021.

Oct 06, 2021 11:10 IST India Infoline News Service

DCB Bank stocks rally on Wednesday after it has announced revision to its MCLR across tenors.

As per regulatory filing, MCLR is effective from October 6, 2021.

Overnight MCLR has been revised to 8.02% while One Month MCLR is also same at 8.02%.

Three Months MCLR  has also been revised to 8.72% and Six Months and one year MCLR is 8.97%  both.

At around 11:18 AM, DCB Bank was trading at Rs90.45 apiece up by Rs0.15 or 0.17%. The stocks hit intraday high at Rs91.20 apiece on Wednesday.

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