Oriental Bank cuts MCLR for various tenors by up to 0.15 per cent from Friday

The bank has decided to reduce the MCLR for different tenors with effect from January 10, 2020, it said in a regulatory filing. It has cut the benchmark one-year MCLR -- against which most of the consumer loans are priced -- by 0.15 percentage points to 8.15 percent.

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