Back
Home » Business
  •  
    Filmi Bollywood
    • EMOTIONAL! When Nick Jonas' Father's Day Post Left Priyanka Chopra TEARY-EYED
    • Shahrukh Khan To Team Up With Son Aryan Khan For This Film; Read EXCITING DETAILS Here!
    • Akshay Kumar FUMES In Anger, Feels BETRAYED By Salman Khan & Rohit Shetty For Keeping Him In Dark?
    • Shahid Kapoor REVEALS Who Makes It Up First When He Has A FIGHT With Wife Mira Rajput!
    • Salman Khan Is A Paper Tiger, Stop Worshipping Him: Sona Mohapatra Launches Fresh Attack
    • Sunny Deol: Shahrukh Khan Was SCARED Of Me Because He Was Wrong; Didn't Talk To Him For 16 Years
    • #HappyFathersDay: Varun Dhawan, Sara Ali Khan, Karan Johar & Others Post Adorable Messages
    • Shraddha Kapoor FEELS LIKE THIS About Playing A Cop In Prabhas Starrer 'Saaho'!
    • EXPOSED? Ranbir Kapoor & Alia Bhatt BLAMED For Making Kangana Ranaut's Horse-riding Videos Viral?
    • Super 30 Song 'Jugraafiya': Hrithik Roshan & Mrunal Thakur Spread The Magic Of Love!
    • Akshay Kumar REACTS To Getting TROLLED For Changing Sooryavanshi Release Date!
    • HOW SWEET! Vijay Deverakonda Wants Shahid Kapoor's Kabir Singh To Be A Massive Blockbuster
    • Raveena Tandon: Shilpa Shetty Was DATING Akshay Kumar, We Were Friends; My Engagement Broke Earlier
    • Mumbai Saga: John Abraham, Emraan Hashmi, Jackie Shroff, Suniel Shetty & Others Team Up!
    • Super 30: Anand Kumar & His Students Believe Hrithik Roshan's Portrayal Is 'Perfect'
    • Ayushmann Khurrana: High Time Our Industry Moves Away From Labelling Audiences & Films
    • A Shocking Revelation About Prabhas & Shraddha Kapoor Made By Director Sujeeth!
    • Katrina Kaif Reacts To Being Bombarded With Priyanka Chopra Questions & Controversies Related To Her
OBC Bank Slashes 1-Year MLCR Rate To 8.7%
Good Returns | 12th Jun, 2019 02:05 PM

On Tuesday, the public sector bank Oriental Bank of Commerce said it has cut its one-year MCLR or marginal cost of funds based lending rate by 5 basis points to 8.7%. In a regulatory filing, the bank said it has revised the MCLR rate for three tenures and the new rates come into effect from June 11, 2019.

The new MCLR rate for one-month loan tenure will now be 8.35% versus the earlier rate of 8.45%, down 10 bps.

For six months loan tenure, MCLR rate now stand at 8.60% in comparison to the earlier rate of 8.70%.

Bank of Maharashtra has also cut one-year MCLR rate to 8.6%, down 10 basis points from the earlier rate.

The one-year MCLR rate is the internal benchmark of banks against which most of the consumer loans including personal, auto and home loans are pegged.

GoodReturns.in

   
 
Health and Life
  • Bronchiectasis: Causes, Symptoms, Diagnosis And Treatment
  • What Is Carrageenan? Its Uses, Benefits And Side Effects
  • World Blood Donor Day 2019: Blood Typing And Crossmatching
    • World Blood Donor Day: What Foods To Eat & Avoid Before Donating Blood
    • World Blood Donor Day 2019: Health Benefits Of Donating Blood
    • 9 Incredible Health Benefits Of Guavas
      • Appendicitis: Causes, Symptoms, Diagnosis & Treatment
      • 5 Yoga Asanas To Help You Quit Smoking
      • Apples: Health Benefits, Risks & Recipes
        • 11 Herbs That Help Manage Diabetes
        • 14 Amazing Foods For Healthy Weight Gain
        • 15 Foods That Cause Nightmares
          • 8 Home Remedies To Cleanse Your Colon Naturally
          • Dengue: Causes, Symptoms, Diagnosis & Treatment
          • 10 Health Benefits Of Drinking Warm Water
            • 8 Lesser Known Health Benefits Of Avocado Oil
            • Restless Leg Syndrome: Symptoms, Causes, Diagnosis And Treatment
            • 11 Foods To Curb Your Sugar Cravings
              • From Heart Health To Immunity, Here Are 7 Health Benefits Of Capsicum
              • 7 Health Benefits Dashamoola
              • 9 Home Remedies To Treat Muscle Pain