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Punjab & Sind Bank Slashes MCLR by up to 0.10%
November 09, 2017
Starting November 7, Punjab & Sind Bank has cut the marginal cost of funds based lending rate (MCLR) by as much as 0.10% for select tenors.
The interest rates for one-month, one-year and three-year loans have been reduced by 0.05% each to 8%, 8.40%, and 8.8%, respectively. Similarly, the rate for a three-month loan is reduced by 0.10% to 8.10%.
For the overnight and six-month tenors, the MCLRs are kept the same at 8% and 8.20%, respectively.
