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 |
| Overnight MCLR | 12.50% |
| 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% |
| Repo Rate | 5.90% |
* Arrived based on 3 months’ average yield of 3 –year Government of India Bond.
