Finance blog

Banking

Lending rates reduced by Bank of India

Leading public sector lender Bank of India has lowered its MCLR rates for diverse tenors starting from the 10th of September, 2017. Rates have gone down by 0.05-0.10%. The bank’s statement confirmed this reduction in MCLRs (marginal cost based lending rates). The revised marginal cost based lending rate for a year is now 8.30% according […]

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