INTEREST RATE FRAMEWORK
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st December, 2022.
Tenor – wise MCLR effective from 1st December 2022 is as under
|Tenor||MCLR (%) Dec'22|
|1 Month MCLR||12.90%|
|3 Month MCLR||13.50%|
|6 Month MCLR||13.90%|
|1 Year MCLR||14.05%|
External benchmark Rates effective from 1st December 2022 are as under -
|Bench Mark||Dec 22|
|External Benchmark Rate - 1*||7.08%|
|External Benchmark Rate - 2 #||7.32%|
* Arrived based on 3 months’ average yield of 3 –year Government of India Bond.