DCB Bank announces revised MCLR; stock ends lower

4 Mar 2022 , 04:20 PM

In its exchange filing today, DCB Bank Ltd. announces a revision to its Marginal Cost of Funds Lending Rates across all tenors. Bank has revised rates for overnight MCLR to 8.13%. Rates for One-month and three-month MCLR are revised to 8.13% and 8.83% respectively.

Bank revised six-month MCLR rates to 9.03%. While rates for one-year tenor are highest at 9.08%.

DCB Bank Limited is a new generation private sector bank with 367 branches (as of December 2021) across India. It is a scheduled commercial bank under the regulation of the Reserve Bank of India. It is a professionally managed and governed bank.

DCB Bank has a contemporary technology infrastructure, including the facility of internet banking for personal as well as business banking customers. DCB Bank has a distinction of having more than one million customers.

DCB Bank ended lower in today’s trade at Rs70.75, down by 3.28% or Rs2.40, against its previous closing price of Rs73.15. It touched the day’s high and low of Rs73 and Rs70 respectively.