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PSB hikes MCLR by 0.05% on six-month tenor

Press Trust of India  |  New Delhi 

& (PSB) has hiked its marginal cost of funds based lending rate (MCLR) by 0.05 per cent for six-month tenor and lowered on three-year tenor by 0.05 per cent.

"Our has reviewed the marginal cost of fund based lending rate (MCLR) for different tenors," said in a regulatory filing.

The said these rates are effective from March 16, 2019.

& (PSB) has hiked MCLR on six-month duration loan to 8.70 per cent. It has also lowered on three-year tenors by 0.05 per cent to 8.85 per cent.

on overnight, one-month, three months and one-year tenors remain unchanged at 8.30, 8.40 per cent, 8.55 per cent and 8.85 per cent, respectively.

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

First Published: Sat, March 16 2019. 18:45 IST