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United Bank of India increases MCLR by 5 basis points

Press Trust of India  |  New Delhi 

United of India has increased the marginal cost of funds based lending rate (MCLR) by 5 basis point or 0.05 per cent across tenors.

"The Asset Liability Management Committee of the .has revised the tenor based MCLR of the with effect from September 14, 2018," said in a regulatory filing Thursday.

The one-year MCLR has been increased to 8.85 per cent from 8.80 per cent. Six and three-month MCLR will attract lending rates of 8.65 per cent and 8.55 per cent, respectively.

Overnight and one-month rates will be at 8.15 per cent and 8.40 per cent, said.

Earlier this month, (SBI) had increased the lending rate by 20 basis points, or 0.20 per cent, across all tenors up to three years.

Likewise, had announced to increase the one-year MCLR by 0.15 per cent to 8.55 per cent.

also increased the MCLR by 0.05 per cent across tenors.

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

First Published: Thu, September 13 2018. 11:15 IST