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    HomeNewsBusinessCompaniesBank of India fixes MCLR rates at 9-9.35% from Oct 7

    Bank of India fixes MCLR rates at 9-9.35% from Oct 7

    The bank has fixed the marginal cost of funds based lending rates with effect from October 7, 2016, it said in a regulatory filing.

    October 05, 2016 / 22:31 IST
       
       
      26 Aug, 2025 12:21
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      Public sector lender Bank of India today said it has fixed marginal cost of funds based lending rate (MCLR) at 9-9.35 per cent with effect from October 7.

      The bank has fixed the marginal cost of funds based lending rates with effect from October 7, 2016, it said in a regulatory filing.

      For overnight tenor, the rate will be 9 percent, 9.2 percent for three months, 9.25 percent for six months and 9.35 percent for one year.

      Shares of Bank of India closed 0.8 percent higher at Rs 119.75 apiece on BSE.

      first published: Oct 5, 2016 08:58 pm

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