Punjab & Sind Bank hikes MCLR by 0.05% on six-month tenor1 min read . Updated: 16 Mar 2019, 07:02 PM IST
- The bank said these rates are effective from March 16, 2019
- Punjab & Sind Bank has hiked MCLR on six-month duration loan to 8.70 %
NEW DELHI : Punjab & Sind Bank (PSB) has hiked its marginal cost of funds based lending rate (MCLR) by 0.05 % for six-month tenor and lowered interest on three-year tenor by 0.05 %.
"Our bank has reviewed the marginal cost of fund based lending rate (MCLR) for different tenors," PSB said in a regulatory filing.
The bank said these rates are effective from March 16, 2019.
Punjab & Sind Bank (PSB) has hiked MCLR on six-month duration loan to 8.70 %. It has also lowered interest on three-year tenors by 0.05 % to 8.85 %.
Interest on overnight, one-month, three months and one-year tenors remain unchanged at 8.30, 8.40 %, 8.55 % and 8.85 %, respectively.