Dec 02, 2016 02:44 PM IST IST | Source: PTI

Dena Bank reduces MCLR by 10 bps to 9.30% for 1-year tenor

The lender also fixed its overnight period minimum lending rate or MCLR at 9.10 percent.

State-run Dena Bank today said it has reduced marginal cost based lending rate (MCLR) by 10 basis points to 9.30 percent from 9.40 percent for 1 year tenor.

The new rates will be applicable from December 1, it said.

The lender also fixed its overnight period minimum lending rate or MCLR at 9.10 percent.

For the one month period, the interest rate has been set at 9.15 percent.

The interest on loans for three months period has been fixed at 9.20 percent while for six months period the rate has been fixed at 9.25.

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