December 15, 2025 09:33 am (IST)
Follow us:
Union Bank
Union Bank slashes MCLR by upto 15 basis points across various tenors
Hyderabad/UNI: Union Bank of India has reduced Marginal Cost of Funds- based Lending Rate (MCLR) by upto 15 basis points across various tenors.
One year MCLR now stands at 7.25 percent, down from 7.40 percent, the Bank said in a release here on Monday.
Revised MCLR will be effective from Tuesday.
This is the 14th consecutive rate cut announced by the Bank since July.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Big boost for small investors: India Post, BSE join hands to expand Mutual Fund access
Sat, Dec 13 2025
Amazon joins hands with Indian government to take traditional artisans online — See How!
Fri, Dec 12 2025
Mahindra to commence pre-bookings for its premium SUV – XUV 7XO: Check out the date
Fri, Dec 12 2025
Medium-skilled jobs, productivity of small firms to drive India’s employment growth: NCAER
Thu, Dec 11 2025