Top News
Next Story
NewsPoint

Bank of Maharastra cuts its Repo linked Lending Rates by 25 basis points to 8.20% Tata Motors Group global wholesales drop by 17% in September L&T secures several orders in the Power Transmission &… Jio to charge 6 paise per minute for outgoing calls to other… Infosys  to announce its Q2 results on 11th Oct

Send Push
Biznext
10th October, 2019 13:37 IST

Mumbai: Following the RBI guidelines, the bank of Maharashtra has reduced the Repo linked lending rates (RLLR) by 25 bps from 8.45% to 8.20% per annum with effect from 8th of October.

The Bank has reduced its Marginal Cost of funds based Lending Rates (MCLR) by 10 basis points with effect from 10th October.

While the Overnight MCLR has been reduced to 8.05% from 8.15%, the one month MCLR has been reduced to 8.15% from 8.25% earlier. Three, Six month and One year  MCLRs have been reduced to 8.20%, 8.30% and 8.40% respectively.

However, the Bank rate has been kept unchanged at 9.50% per annum.

 

Explore more on Newspoint
Loving Newspoint? Download the app now