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Punjab & Sind Bank reviews MCLR, Base Rate and BPLR

Capital Market 

With effect from 16 January 2020

Punjab & Sind Bank has reviewed the Marginal Cost of Funds based Lending Rates for different tenors and the same will be effective from 16 January 2020.

Overnight - 8.10%
One month - 8.15%
Three month - 8.20%

Six month - 8.35%
One year - 8.45%
Three year - Henceforth, rates of 1 year MCLR will be applicable to advances falling under this category.

Further, the existing Base Rate and BPLR remains unchanged at 9.70% and 14% respectively.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 15 2020. 19:07 IST