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Home Business Banking

BOB reduces MCLR by 15 Bps across tenors from tomorrow

by NavJeevan
5 years ago
in Banking, Business, National
Reading Time: 1 min read
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BOB reduces MCLR by 15 Bps across tenors from tomorrow
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NE BUSINESS BUREAU
MUMBAI, JUNE 11

The leading lender Bank of Baroda has reduced its benchmark lending rate i.e. marginal cost of funds based lending rates [MCLR] across various tenors.

The MCLR has been revised downward across existing levels and tenors with effect from June 12, 2020, says a release from Corporate Communication department on Wednesday.

Tags: BOB reducesMCLR by 15 Bps across tenors from tomorrow
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