For Immediate Publication / Broadcast / Telecast
PR/ 1378
IDBI Bank reduces Marginal Cost of funds based Lending Rate (MCLR)
Mumbai, August 08, 2019: IDBI Bank reduces Marginal Cost of Funds based Lending Rates (MCLR) as under:
Tenor | MCLR ( in % ) |
Overnight | 7.85% |
One Month | 8.10% |
Three Month | 8.35% |
Six Month | 8.50% |
One Year | 8.85% |
Two Year | 8.95% |
Three Year | 9.10% |
The above revised rates are applicable w.e.f. August 12, 2019.
The bank has reduced MCLR by 5 bps to 15 bps across various tenors.
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सीआइएन/(CIN)L65190MH2004GOI148838