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Banking majors hike MCLR rate for one-year loan

  •   Sat, Jun 02 2018 10:41:40 AM

Mumbai, Jun 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.
  

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Title: Banking majors hike MCLR rate for one-year loan



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