Union Bank of India cuts MCLR by up to 15 bps across tenors
Mumbai, Aug 10 : The Union Bank of India on Monday announced a reduction in the marginal cost of funds-based lending rate (MCLR) by up to 15 basis points across tenors.
Post the reduction, the one year MCLR now stands at 7.25 per cent, down from 7.40 per cent, the bank said in a statement.
The overnight MCLR and one-month MCLR stand at 6.8 per cent while the three-month and the six-month MCLR have reduced to 6.95 per cent and 7.10 per cent, respectively.
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