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Dena Bank reduces MCLR by 10 basis points for 1 year tenor from Dec 1

India Blooms News Service | | Dec 02, 2016, at 11:27 pm

#Dena Bank #Dena Bank MCLR

Mumbai, Dec 2 (IBNS): Dena Bank on Friday said it has reduced Marginal Cost Based Lending Rate (MCLR) by 10 basis points from 9.40% to 9.30% for 1 year tenor starting from Dec 1 .

As per the structure of the MCLR rates Dena bank fixed its overnight period MCLR at 9.10. while setting up the one month period MCLR at 9.15 .

For three months period MCLR has been fixed at 9.20. and for six months period the rate has been fixed at 9.25. and for one year period the rate has been fixed at 9.30, the bank said in a statement.

Image: Dena Bank Twitter page

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