Canara Bank Reduces MCLR by 0.05%
Shital Jibhe / 07 Jun 2017
In a regulatory filing, the bank said, "In terms of the guidelines of the RBI (Reserve Bank of India), all rupee loans sanctioned and credit limits renewed from June 7, 2017, will be priced with reference to the tenor-based MCLR rates are as below".
One of the major state-owned public-sector banks, Canara Bank, has reduced
For overnight, the new MCLR will be 8.10%, while for one month and three-month maturities, new MCLR will be priced at 8.15% and 8.20%, respectively.
For six month and one year, the new MCLR are set at 8.35% and 8.40%, respectively, the bank said.
In a regulatory filing, the bank said, "In terms of the guidelines of the RBI (Reserve Bank of India), all rupee loans sanctioned and credit limits renewed from June 7, 2017, will be priced with reference to the tenor-based MCLR rates are as below".
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