Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc – Times of India

ETRealty.com brings latest repo rate news, views and updates from all top sources for the Indian Real Estate industry.. Corporation Bank cuts 1-year MCLR by 5 bps to 8.85%. industry. with country’s largest lender State Bank of India raising it by 0.05 per cent for various tenures effective.

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Corporation Bank Friday said it has reduced marginal cost of funds based lending rate (MCLR) for one-year tenor loan by 5 basis points to 8.85 per cent. The one-year MCLR is the benchmark against which most customer loans such as auto, personal and home loans are priced.

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 · India Business News: Corporation Bank on Friday said it has reduced marginal cost of funds based lending rate (MCLR) for one-year tenor loan by 5 basis points to 8.85 per

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Indian Overseas Bank cuts MCLR by 5 bps . After the country’s central bank cut the repo rate by 25 basis points recently, state-run Indian Overseas Bank has reduced its lending rate marginally. The bank has cut the Marginal cost of funds-based lending rate (MCLR) for its all its loan tenures by 5 basis points.

Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc Syndicate Bank cuts MCLR by 0.10 pc State-owned Oriental Bank of Commerce (OBC) has cut the marginal cost of funds-based lending rate (MCLR) by up to 10 basis points (bps) for various tenors with effect from Thursday.

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Corporation Bank MCLR Rates, Corporation Bank Base Rate – Jul 2019. If RBI cuts the repo rate by 50 basis points or 0.5%, Corporation may decide to cut its 1 Year MCLR rate only by 0.25% based on its internal funding and liquidity position. Hence, it is important to compare the MCLR rate change of Corporation Bank with that of RBI Repo.

Yes Bank cuts MCLR by 10 bps Mid-sized private sector lender Yes Bank today cut its marginal cost of funds based lending rate (MCLR) by 0.10 per cent across tenors, reacting to similar moves by competition.

Bank of Baroda on Tuesday reduced the marginal cost of funds-based lending rate (MCLR) by 20 basis points (bps) across tenures. The bank’s one-year MCLR now stands at 9.05%.

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