Business
Three PSU banks cut MCLR
Chennai, Oct 5 : Three public sector banks -- Indian Overseas Bank (IOB), Bank of India and Syndicate Bank -- on Wednesday announced reduction in their marginal cost of funds-based lending rate (MCLR) for various tenors.
City-based IOB, in a statement issued here, said its MCLR for one year is reduced to 9.50 per cent from 9.55 per cent with effect from October 1.
Similarly, Syndicate Bank said it has cut its MCLR for one year to 9.45 per cent from 9.55 per cent effective from October 7.
On its part, Bank of India said its one year MCLR will be 9.35 per cent effective from October 7.
1 hour ago
Telangana Police recovers 76 stolen mobile phones every day
1 hour ago
Rameshwaram Cafe blast case: NIA raids four houses in Bengaluru
1 hour ago
West Bengal: BSF suspends jawan accused of molestation during poll-related duty
1 hour ago
Dhinakaran urges TN govt to stop Kerala from building check dam across Silanthi River
1 hour ago
Drugmaker Sanofi partners OpenAI, Formation Bio on AI-powered drug development
1 hour ago
Biocon Biologics gets US FDA nod for biosimilar version of eye treatment drug Eylea
1 hour ago
Karnataka and Delhi to battle it out in the final of inaugural U-20 Men's NFC
1 hour ago
WFI decides not to conduct trials for Paris Olympics, one wrestler plans to move court: Sources
1 hour ago
CA announces nine-team national women's T20 competition ahead of WBBL 10
1 hour ago
Cricket Australia reveals sale dates for India and Pakistan fan zones for season 24/25
1 hour ago
Mbappe’s mother all but confirms 25-year old's transfer to Real Madrid: Report
1 hour ago
What happened when Akshay Kumar collided with Bangkok RTO's bike
1 hour ago
For Shraddha Arya, 'being recognised as Preeta' is ultimate validation of her acting skills