INTEREST RATE FRAMEWORK
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st SEPTEMBER 2020.
Tenor – wise MCLR effective from 1st September 2020 is as under
|1 Month MCLR||13.15%|
|3 Month MCLR||13.30%|
|6 Month MCLR||13.50%|
|1 Year MCLR||13.75%|
External benchmark Rates effective from 1st September 2020 are as under -
|External Benchmark Rate - 1*||5.85%|
|External Benchmark Rate - 2 #||4.66%|
* Arrived based on 3 months’ average yield of 10 –year Government of India Bond.