Allahabad Bank cuts MCLR by 5 basis points across tenors
NEW DELHI: State-owned Allahabad Bank has reduced the marginal cost of funds-based lending rate (MCLR) by 5 basis points, with effect from Monday. The bank’s asset-liability management committee has reviewed the existing MCLRs and decided for a downward revision of MCLRs by 5 bps across different tenors, it said in a regulatory filing. The benchmark […]
HDFC Bank cuts MCLR by 0.10% across tenors
NEW DELHI: Largest private sector lender HDFC Bank on Tuesday has cut its lending rates by 0.10 percent across all tenors, effective Wednesday, sources said. The move comes a day ahead of the policy review by the Reserve Bank, which is reportedly peeved at lenders for not passing on its three consecutive rate cuts of […]