OBC Bank Slashes 1-Year MLCR Rate To 8.7%

United Bank of India cuts MCLR for 1 year tenor by five bps Editor | July 17, 2019 @ 04:29 PM state-run united bank of India (UBI) has brought down its marginal cost of funds-based lending rates (MCLRs) by 5 basis points (bps) for various tenors up to one year, except six months tenor, with effect from July 17.

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Twenty per cent of the respondents, however, expected the central bank’s MPC may cut rate by 50 basis point (0.50%). OBC Bank Slashes 1-Year MLCR Rate To 8.7% Check Oriental Bank of commerce fixed deposit interest rates now.

OBC Bank Slashes 1-Year MLCR Rate To 8.7% PwC Resigns As Auditor Of Reliance Capital, Reliance Home Finance All The Details On The New gst return filing system Transition Plan. Oriental Bank of Commerce (OBC) has raised its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenure for the month of January. It will make retail loans costlier for the customers. Now six-month MCLR stands at 8.70% and that of one year at 8.75%. The revised rates are effective from.

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OBC Bank Slashes 1-Year MLCR Rate To 8.7% Important Note: While we strongly endeavor to keep all our information accurate, users are requested to confirm information with the respective financial institution before taking any action. We shall not be liable for any errors, inaccuracies or omissions in our content.