MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st DECEMBER 2019.
Tenor – wise MCLR effective from 1st December 2019 is as under
Tenor |
MCLR (%) |
Overnight MCLR |
14.30% |
1 Month MCLR |
14.20% |
3 Month MCLR |
14.35% |
6 Month MCLR |
14.50% |
1 Year MCLR |
14.90% |
External benchmark Rates effective from 1st December 2019 are as under -
Bench Mark |
Rate |
External Benchmark Rate - 1 * |
6.56% |
External Benchmark Rate - 2 # |
5.95% |
* 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.