United Bank of India cuts 6-month MCLR to 8.55%

United Bank of India cuts 6-month MCLR to 8.55%

16/06/2017 14:55

United Bank of India said that it has revised its Marginal Cost of Funds based Lending Rate (MCLR) with immediate effect.

“The bank has reduced its six month Marginal Cost of Funds based Lending Rate (MCLR) to 8.55 per cent per annum (p.a.), with immediate effect, United Bank of India said in a filing to the Bombay Stock Exchange.

Meanwhile, shares of the bank were trading at Rs 19.85 apiece, down 1.73 per cent from the previous close at 14:52 hours on BSE.

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