Dena Bank Reduces Marginal Cost Based Lending Rates (MCLR) by 15 basis points for various tenors from 1st September, 2017
Author(s): City Air NewsMumbai, September 1, 2017 : Dena Bank, India’s trusted family bank has reduced Marginal cost based Lending Rate (MCLR) by 15 basis points across one year, 6months, 3 months and one month with effect from 1st September,...
cityairnews
Sep 1, 2017 12:30
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Mumbai, September 1, 2017 : Dena Bank, India’s trusted family bank has reduced Marginal cost based Lending Rate (MCLR) by 15 basis points across one year, 6months, 3 months and one month with effect from 1st September, 2017.
As per the structure of the MCLR rates, Dena bank has fixed its overnight period MCLR at 8.20% while setting up the one month period MCLR at 8.20%.For three months period MCLR has been fixed at 8.30% and for six months period the rate has been fixed at 8.35% and for one year period the rate has been fixed at 8.40%.
The revised tenor based MCLR are as follows :
S.no | Tenor | MCLR (%) |
1 | Overnight MCLR | 8.20% |
2 | One month MCLR | 8.20% |
3 | Three months MCLR | 8.30% |
4 | Six months MCLR | 8.35% |
5 | One year MCLR | 8.40% |
Date:
Friday, September 1, 2017
