With the new rates coming into effect, overnight MCLR is 8.10 percent against 8.05 percent earlier. The 3-month MCLR is now 8.45 percent against 8.40 percent earlier. The six-month MCLR is 8.65 per cent against 8.60 percent earlie
Private sector lenders like ICICI Bank and Bandhan Bank and public sector banks like Punjab National Bank (PNB) and Bank of India (BOI) have revised their marginal cost of lending rate (MCLR) with effect from December 1, 2023. Read here to know what is the latest MCLR rate of ICICI Bank, PNB, Bank of India and Bandhan Bank.
Public sector lender, Canara Bank has hiked its MCLR rates across tenors by up to five basis points. Further the Repo Linked Lending Rate (RLLR) was also revised and now stood at 9.25% with effect from August 12, 2023. Read below to know what are the new rates.