Begin typing your search...
Union Bank of India cuts MCLR by 20bps across tenors
Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by 20 points across all tenors.
By
migrator
migrator
Mumbai
The rate cut will come into effect from Saturday, the company said in a statement.
Post the reduction, MCLR across tenors ranges from 6.85 per cent to 7.40 per cent.
"One year MCLR now stands at 7.40 per cent, down from 7.60 per cent. Revised MCLR will be effective from 11th Jul 2020. This is the 13th consecutive rate cut announced by the bank since July 2019,"
Banks generally review MCLR every month.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android
Next Story
