November 25, 2024 17:07 (IST)
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Mumbai, Sept 1 (IBNS): Dena Bank, India’s trusted family bank has reduced Marginal cost based Lending Rate (MCLR) by 15 basis points across one year, 6months, 3 months and one month with effect from Sept 1.
As per the structure of the MCLR rates, Dena bank has fixed its overnight period MCLR at 8.20% while setting up the one month period MCLR at 8.20%.For three months period MCLR has been fixed at 8.30% and for six months period the rate has been fixed at 8.35% and for one year period the rate has been fixed at 8.40%, the bank said in a statement.
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