Corporation Bank fixes MCLR at 9.05 – 9.5%

Corporation Bank ‘s marginal cost of funds based lending rate will be in range of 9.05 – 9.5 percent from October 1. Bank’s tenor based marginal cost of funds based lending rate (MCLR) for all new rupee loans and advances including renewables with effect from October 1 will be in range of 9.05 to 9.5 per cent, it said in a filing. For overnight duration, it will be 9.05 percent, 9.5 percent for one year, 9.4 percent for six months and 9.3 percent for three months.

Source:PTI