INTEREST RATE FRAMEWORK
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st JANUARY, 2022.
Tenor – wise MCLR effective from 1st January, 2022 is as under
|1 Month MCLR||12.10%|
|3 Month MCLR||12.20%|
|6 Month MCLR||12.55%|
|1 Year MCLR||13.05%|
External benchmark Rates effective from 1st January 2022 are as under -
|External Benchmark Rate - 1#||5.08%|
|External Benchmark Rate - 2 *||6.35%|
* Arrived based on 3 months’ average yield of 10 –year Government of India Bond.