October 13, 2026 03:55 am (IST)
Follow us:
Dena Bank reduces MCLR by 15 basis points for various tenors from Sept 1
Mumbai, Sept 1 (IBNS): Dena Bank, India’s trusted family bank has reduced Marginal cost based Lending Rate (MCLR) by 15 basis points across one year, 6months, 3 months and one month with effect from Sept 1.
As per the structure of the MCLR rates, Dena bank has fixed its overnight period MCLR at 8.20% while setting up the one month period MCLR at 8.20%.For three months period MCLR has been fixed at 8.30% and for six months period the rate has been fixed at 8.35% and for one year period the rate has been fixed at 8.40%, the bank said in a statement.
Image:wikimedia commons
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Onion inflation crosses 108 percent in September as India's retail inflation rises to 5.54 percent
Mon, Oct 12 2026
VeeCycle Works Signs MoU with AP Govt for Rs 150 Cr Recycling Project in Visakhapatnam
Mon, Oct 12 2026
‘Real boss of India’: Elon Musk takes fresh swipe at Mukesh Ambani over Starlink delay
Sat, Oct 10 2026
Faster deliveries, wider reach? India Post, Blue Dart seal nationwide parcel services deal
Fri, Oct 09 2026
Fusion CX’s Rs. 702 crore IPO to open on October 14. Check out the price set for each share
Fri, Oct 09 2026
Gold Loan Valuation: How Is Your Gold Evaluated Before You Borrow?
Fri, Oct 09 2026