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MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 01 MAY 2017

Tenor - wise MCLR effective from 01 MAY 2017 is as under
Tenor MCLR (%)
Overnight MCLR 16.50
1 Month MCLR 16.60
3 Month MCLR 16.65
6 Month MCLR 16.70
1 Year MCLR 16.75
External benchmark Rates effective from 01 MAY 2017 are as under
Bench Mark Rate
External Benchmark Rate * 6.66%
External Benchmark Rate # 6.51%
* 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