For Immediate Publication / Broadcast / Telecast
PR-1329
IDBI Bank reduces Marginal Cost of funds based Lending Rate ( MCLR)
Mumbai, February 06, 2017: IDBI Bank reduces Marginal Cost of Funds based Lending Rates (MCLR) as under:
Tenor |
MCLR ( in % ) |
Overnight |
8.20 |
One Month |
8.40 |
Three Month |
8.55 |
Six Month |
8.60 |
One Year |
8.80 |
Two Year |
8.85 |
Three Year |
8.95 |
The above revised rates are applicable w.e.f. February 01, 2017.
The bank has reduced MCLR by 30 bps to 35 bps across various tenors.
The reduction in MCLR is expected to positively impact loan growth; both in the retail consumer segment and corporate sector lending, thereby supporting the growth impulses in the economy.
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सीआइएन / (CIN)L65190MH2004GOI148838
