Public sector lender Bank of India today said it has fixed marginal cost of funds based lending rate (MCLR) at 9-9.35 per cent with effect from October 7.
The bank has fixed the marginal cost of funds based lending rates with effect from October 7, 2016, it said in a regulatory filing.
For overnight tenor, the rate will be 9 per cent, 9.2 per cent for three months, 9.25 per cent for six months and 9.35 per cent for one year.
Shares of Bank of India closed 0.8 per cent higher at Rs 119.75 apiece on BSE.
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