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प्रेस विज्ञप्ति/ PRESS RELEASE 06.04.2017

Indian Bank revises Marginal Cost based Lending Rate (MCLR)

Chennai based Public Sector lender 'Indian Bank' has revised its MCLR , the benchmark rate to which interest rates on loans are linked as mentioned below:

Tenor

MCLR

Overnight

8.15%

1 month

8.20%

3 months

8.30%

6 months

8.40%

1 yr

8.50%

3 yrs

8.70%

5 yrs

8.90%

The rates will be effective from 07.04.2017.

For favor of Publication

Nagarajan M

General Manager (CCD) Indian Bank

Indian Bank published this content on 06 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 April 2017 14:49:18 UTC.

Original documenthttp://www.indianbank.in/pdfs/PRESSRELEASEMCLR.pdf

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