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Marginal cost of funds News

Corporation bank

15 Dec 2017

Corporation Bank cuts overnight MCLR by 0.1%

The bank has cut the overnight MCLR by 0.1 percent to 7.80 percent.

04 May 2016

Canara Bank revises lending rates based on MCLR

Public sector Canara Bank on Wednesday said it has revised the lending rates based on the marginal cost of funds (MCLR) for May to 8.80-9.35 percent.

17 Dec 2015

Interest rate to be based on marginal cost of funds from Apr 1

To ensure better transmission of its rate cuts to borrowers, RBI on Thursday said all banks will have to follow a new and uniform methodology from April next year to calculate base rate as per the marginal cost of funds.

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