OBC, IDBI Bank cut MCLR up to 15 basis points

The rate cut follows an MCLR cut by the country's largest lender SBI post the RBI's decision to reduce the key interest rate (repo) by 0.35 percentage point to a nine-year low of 5.40 per cent.

from Banking/Finance-Industry-Economic Times https://ift.tt/2KxYx1m