Karnataka Bank revises up 1-year MCLR by 0.15%

Private sector lender Karnataka Bank on January 1 said it has revised upward MCLR by 0.15 percent to 9.10 percent for one-year tenor.

The revised marginal cost of fund-based lending rate (MCLR) are effective from January 1, 2019, the bank said in a regulatory filing.

Among others, six-month and three-month MCLRs are revised upward by 0.10 percent each to 8.75 percent and 8.70 percent, respectively.

One-month and overnight MCLRs were also raised by 0.10 percent each, the bank said.