INTEREST RATE FRAMEWORK
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1st JULY, 2022.
Tenor – wise MCLR effective from 1st July, 2022 is as under
|1 Month MCLR||11.50%|
|3 Month MCLR||12.05%|
|6 Month MCLR||12.45%|
|1 Year MCLR||13.30%|
External benchmark Rates effective from 1st July 2022 are as under -
|External Benchmark Rate - 1#||6.56%|
|External Benchmark Rate - 2 *||7.28%|
* Arrived based on 3 months’ average yield of 10 –year Government of India Bond.