MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st AUGUST 2019.
Tenor – wise MCLR effective from 1st August 2019 is as under
| Tenor |
MCLR (%) |
| Overnight MCLR |
13.75% |
| 1 Month MCLR |
13.85% |
| 3 Month MCLR |
14.30% |
| 6 Month MCLR |
14.50% |
| 1 Year MCLR |
14.95% |
External benchmark Rates effective from 1st August 2019 are as under
| Bench Mark |
Rate |
| External Benchmark Rate - 1 * |
6.95% |
| External Benchmark Rate - 2 # |
6.61% |
* 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
