Kotak Mahindra Bank : MCLR rates revised for July
DSIJ Intelligence / 03 Jul 2017
Kotak Mahindra Bank (KMB), one of India’s fastest growing private banks headquartered in Mumbai has cut its marginal cost of funds-based lending rates (MCLR) for July by 10 to 25 basis points according to leading national news agency.
Kotak Mahindra Bank (KMB), one of India’s fastest growing private banks headquartered in Mumbai has cut its marginal cost of funds-based lending rates (MCLR) for July by 10 to 25 basis points according to leading national news agency.
The MCLR across the tenure for KMB will be in the range of 7.75 per cent to 8.65 per cent.The Reserve Bank of India has made it mandatory for the banks to update their lending rates i.e MCLR on monthly basis.
KMB has inched up by nearly 25.20 per cent over one year period. The benchmark index BSE Bankex has gained 27.99 per cent over the similar period.
The major benchmark index BSE Sensex has gained 14.53 per cent in the similar time-frame.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.