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Canara Bank Slashes MCLR by 0.05%
June 15, 2017
Public sector lender Canara Bank has cut its marginal cost based lending rates (MCLR) by 0.05% for several maturities. All credit limited renewed and rupee loans sanctioned from June 7 onwards will be priced as per the revised rates in terms of RBI guidelines, the Bank said in a regulatory filing.
While the revised MCLR is 8.15% and 8.20% for one month and three-month maturities respectively, for overnight it’s set to 8.10%.
For 6 month and 1-year maturities, the revised MCLR is 8.35% and 8.40% respectively.
