Dena Bank Reduces Marginal Cost Based Lending Rates

By Tricitynews Reporter

Chandigarh 01^st September:- Dena Bank, India’s trusted family bank has reduced Marginal cost based Lending Rate (MCLR) by  15 basis points across one year, 6months, 3 months and  one month with effect from 1^st September, 2017.

As per the structure of the MCLR rates, Dena bank has fixed its overnight period MCLR at 8.20% while setting up the one month period MCLR at 8.20%.For three months period MCLR has been fixed at 8.30% and for six months period the rate has been fixed at 8.35% and for one year period the rate has been fixed at 8.40%.