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As RBI Policy Review Nears, Dena Bank Slashes Lending Rates by 15 bps
October 05, 2017
As the monetary policy review of the Reserve Bank of India scheduled for October 4, 2017, is almost here, public sector Dena Bank has cut its marginal cost based lending rate (MCLR) from October 1, 2017. As per the changes, the new MCLR rates for one year, six months, and one month are slashed by 15 bps to 8.25%, 8.20%, and 8.05%, respectively. The overnight and three-month MCLR are also cut by 20 bps to 8.00% and 8.10% respectively.
