/ Indian Overseas Bank revises MCLRs ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 10 August 2018

Indian Overseas Bank has revised Marginal Cost of Funds based Lending Rates (MCLRs) with effect from August 10, 2018. The Bank has revised one year MCLR to 8.65% per annum (p.a.) from 8.60% p.a.

The Bank has also revised the overnight, 1 month, 3 months and 6 months MCLR to 8.05% p.a., 8.15% p.a., 8.35% p.a. and 8.45% p.a., respectively. Moreover, 2 years and 3 years MCLR have also been revised to 8.75% p.a. and 8.85% p.a., respectively.

Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

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