12,106.90-62.95
Stock Analysis, IPO, Mutual Funds, Bonds & More

UCO Bank cuts MCLR by 10 basis points across tenors

The revised one-year MCLR now stands at 8.30 per cent, down from the existing 8.40 per cent, the state-run lender said in a release.

PTI|
Dec 10, 2019, 04.57 PM IST
0Comments
Getty Images
interest-rate-getty
KOLKATA: UCO Bank has lowered its Marginal Cost of Funds Based Lending Rates (MCLR) by 10 basis points across tenors with effect from Tuesday.

The revised one-year MCLR now stands at 8.30 per cent, down from the existing 8.40 per cent, the state-run lender said in a release.

The revised overnight, one-month, three-month and six month tenor MCLR have been slashed by 10 basis points, it said.

This will lead to all MCLR-linked loans becoming cheaper by way of similar reductions, UCO Bank said.

Also Read

Bank of Maharashtra cuts MCLR by up to 45 bps

Indian Bank to revise MCLR from January 3

Allahabad Bank cuts MCLR by 5 bps

HDFC Bank cuts MCLR by up to 15 bps

SBI reduces one-year MCLR by 10 bps

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service