Lakshmi Vilas Bank revises MCLR
Shital Jibhe / 09 Feb 2017
Lakshmi Vilas Bank has revised the marginal cost of funds based lending rates (MCLR) with effect from February 9. The revised rates are as follows:
Lakshmi Vilas Bank has revised the marginal cost of funds based lending rates (MCLR) with effect from February 9.
The revised rates are as follows:
Overnight MCLR: 9.80% p.a.
One month MCLR: 9.80% p.a.
Three month MCLR: 9.80% p.a.
Six month MCLR: 9.75% p.a.
One year MCLR: 9.75% p.a.
In accordance with the RBI guidelines, all rupee loans and advances disbursed and credit limits renewed w.e.f. 9/2/2017 will be priced with reference to the above MCLR rates.
Lakshmi Vilas Bank is a private sector bank with business volume of around Rs 46,816.00 crore. Presently, the bank is operating with 467 branches, 7 extension counters and 912 ATMs, 24 CDMs with PanIndia presence in 16 states and 1 union territory.
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