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Dena Bank reduces Marginal Cost Based Lending Rate

India Blooms News Service | | Jul 01, 2017, at 01:24 am

#DenaBank #MCLR

Mumbai, June 30 (IBNS): Dena Bank, Indiaâ€™s trusted family bank has reduced Marginal Cost Based Lending Rate (MCLR) by 5 basis points for 3months, 6 months & 1 year tenors from July 1.

"As per the structure of the MCLR rates Dena bank fixed its overnight period MCLR at 8.20 % while setting up the one month period MCLR at 8.30 % .For three months period MCLR has been fixed at 8.35%. and for six months period the rate has been fixed at 8.45% and for one year period the rate has been fixed at 8.55 %," the bank said in a statement.

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