MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 01st DECEMBER 2018
Tenor – wise MCLR effective from 01st December 2018 is as under
| Tenor |
MCLR (%) |
| Overnight MCLR |
14.40% |
| 1 Month MCLR |
14.75% |
| 3 Month MCLR |
15.35% |
| 6 Month MCLR |
15.45% |
| 1 Year MCLR |
16.10% |
External benchmark Rates effective from 01st December, 2018 are as under
| Bench Mark |
Rate |
| External Benchmark Rate - 1 * |
7.95% |
| External Benchmark Rate - 2 # |
7.76% |
* Arrived based on 3 months’ average yield of 10 - year Government of India Bond.
# Arrived based on 3 months’ average yield of 3 - year Government of India Bond.
Interest Rate Framework
