Now, BoB lowers MCLR lending rates by 20 bps

The rate reduction comes even as the RBI left key policy rates unchanged at the last meeting on December 5. The city-based lender has reduced its one-year MCLR rates, which all retail loans are linked to, only marginally by 5 bps to 8.25 percent.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2E9hQeh