State-run Dena Bank today said it has reduced marginal cost based lending rate (MCLR) by 10 basis points to 9.30 per cent from 9.40 per cent for 1 year tenor.
The new rates will be applicable from December 1, it said.
The lender also fixed its overnight period minimum lending rate or MCLR at 9.10 per cent.
For the one month period, the interest rate has been set at 9.15 per cent.
The interest on loans for three months period has been fixed at 9.20 per cent while for six months period the rate has been fixed at 9.25.
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