DCB Bank revises MCLR rates from today; Stock soars 3%

5 Apr 2022 , 02:45 PM

DCB Bank announces a revision to its Marginal Cost of Funds based Lending Rate (MCLR) with effect from today across tenors as below:

• Overnight MCLR – 8.26%
• One Month MCLR – 8.26%
• Three Months MCLR – 8.96%
• Six Months MCLR – 9.16%
• One Year MCLR – 9.21%

DCB Bank Limited is a new generation private sector bank with 367 branches (as at December 2021) across.

At around 2.48 pm, DCB Bank Ltd was trading at Rs76.80 per share up by Rs2.35 or 3.16% from its previous closing of Rs74.45 per share on the BSE. The scrip opened at Rs75 and has touched a high and low of Rs77.95 and Rs74.50 respectively