IDBI Bank reduces Marginal Cost of funds based Lending Rate (MCLR)
Mumbai, Sep 06, 2017: IDBI Bank reduces Marginal Cost of Funds based Lending Rates (MCLR) as under:
|
Tenor |
MCLR ( in % ) |
|
Overnight |
8.00 |
|
One Month |
8.10 |
|
Three Month |
8.30 |
|
Six Month |
8.35 |
|
One Year |
8.55 |
|
Two Year |
8.60 |
|
Three Year |
8.70 |
The above revised rates are applicable w.e.f. Sep 07, 2017.
The Bank has reduced MCLR by 05 bps to 10 bps across various tenors. The reduction in MCLR is expected to positively impact loan growth, thereby supporting the growth impulses in the economy.
