Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc – Times of India

Modi is likely to discuss the road map for every department and the agenda for increasing revenue mop-up and taking reform steps to push GDP growth which has slipped to 5-year low of 6.8..

The RBI board held a marathon meeting Monday amid a rift between the central bank and the government over several issues including how much capital the apex ban..

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New Delhi, Jun 14 () Corporation Bank Friday said it has reduced marginal cost of funds based lending rate (MCLR) for one-year tenor loan by.

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Kolkata-headquartered United Bank of India has cuts its marginal cost of funds-based lending rate (MCLR) by up to 90 basis points across tenors. Following the cut, the one-year MCLR has been revised t

Union Bank had reduced its one-year MCLR by 20 bps to 8.2%. This series of cuts follows the Reserve Bank of India’s decision to lower the repo rate by 25 bps to 6% at its August policy.

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Modi is likely to discuss the road map for every department and the agenda for increasing revenue mop-up and taking reform steps to push GDP growth which has slipped to 5-year low of 6.8..

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Corporation bank cuts 1-yr MCLR by 5 bps to 8.85 pct Corporation Bank’s tenor based MCLR, for all new rupee loans and advances including renewals, is revised with effect from June 15 2019. Banks have started to cut MCLR post RBI’s move to slash repo rate by 25 basis points on June 6.

Not Just Muzaffarpur, AES Is Spreading Across India And Doctors Are Baffled Next Story : Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc Download the Outlook Magazines App. Six magazines.