Banking majors hike MCLR rate for one-year loan
Saturday - June 2, 2018 12:06 am ,
Category : BUSINESS
Banking majors hike MCLR rate for one-year loan
Mumbai June 2 (IANS) Banking majors SBI and PNB on Friday hiked their benchmark marginal cost of funds based lending rate (MCLR) for its one-year loans by 10 basis points effective from June 1.
A basis point is equivalent to 0.01 percentage point.
--IANS rv/vd
A basis point is equivalent to 0.01 percentage point.
--IANS rv/vd
