Mumbai - January 10, 2020: Union
Bank of India today announced reduction in Marginal Cost of Funds - based Lending rate
(MCLR) by 10 basis points across all tenors w.e.f. 11th January
2020. One year MCLR now stands at 8.10%, down from 8.20%. This is the
seventh consecutive rate cut announced by Union Bank of India, since July 2019.
Thus, cumulative rate cut is in the range of 60bps - 75bps across different
tenors, since February 2019.
Revised MCLR,
effective from 11th January, 2020 is as under:
|
Tenor
|
MCLR
(%)
|
|
Overnight MCLR
|
7.65%
|
|
1 Month MCLR
|
7.70%
|
|
3 Months MCLR
|
7.85%
|
|
6 Months MCLR
|
7.95%
|
|
1 year MCLR
|
8.10%
|
No comments:
Post a Comment