April 25, 2024 04:12 (IST)
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Union Bank Union Bank slashes MCLR by upto 15 basis points across various tenors
Hyderabad/UNI: Union Bank of India has reduced Marginal Cost of Funds- based Lending Rate (MCLR) by upto 15 basis points across various tenors.
One year MCLR now stands at 7.25 percent, down from 7.40 percent, the Bank said in a release here on Monday.
Revised MCLR will be effective from Tuesday.
This is the 14th consecutive rate cut announced by the Bank since July.
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