Live
- Beware of Fake RBI Voicemails Scam: How to Stay Safe
- Raj govt to allot land for hostel in Sahibzades' name: CM Sharma
- Anna University rape case: BJP says accused belongs to DMK student wing
- 'Dooradarshini' Brings the 90s to Life with a Nostalgic Love Story
- BJP Accuses Congress of Anti-India Politics After Distorted Map Displayed at CWC Venue
- ISL: Fluent Odisha face depleted Mohammedan in search of top four spot
- Afghanistan won't tolerate any aggression, warns Kabul after Pakistani airstrikes that killed 46
- India a global leader in disaster warning systems: Jitendra Singh
- India vs Australia 4th Test Day 1: Bumrah Shines as Australia Holds the Advantage at MCG
- Adani's Vizhinjam port welcomes 100th vessel within 6 months of operations
Union Bank of India cuts MCLR by 20bps across tenors
Union Bank of India
Highlights
Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by 20 points across all tenors.
Mumbai: Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by 20 points across all tenors.
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.
Next Story
ADVERTISEMENT
