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Dena Bank reduces MCLR by 15 basis points for various tenors from Sept 1

India Blooms News Service | | Sep 02, 2017, at 12:46 am

Mumbai, Sept 1 (IBNS): Dena Bank, Indiaâ€™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

#DenaBank #DenaBankMCLR

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