Central Bank of India cuts MCLR by 5 bps across tenors

Since April 1, 2020, the lender has slashed its benchmark rate by 85 basis points from 8 per cent to 7.15 per cent, the release said. Overnight and one-month MCLRs have been revised to 6.60 per cent as against 6.65 per cent.

from Banking/Finance-Industry-Economic Times https://ift.tt/33WetWt