Corporation Bank fixes MCLR at 9.05 - 9.5 pc

Corporation Bank's marginal cost of funds based lending rate will be in range of 9.05 - 9.5 per cent from October 1.

Bank's tenor based marginal cost of funds based lending rate (MCLR) for all new rupee loans and advances including renewables with effect from October 1 will be in range of 9.05 to 9.5 per cent, it said in a filing.

For overnight duration, it will be 9.05 per cent, 9.5 per cent for one year, 9.4 per cent for six months and 9.3 per cent for three months.