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, United Bank of India said.
Earlier this month, State Bank of India (SBI) had increased the lending rate by 20 basis points, or 0.20 per cent, across all tenors up to three years.
Bank of Baroda also increased the MCLR by 0.05 per cent across tenors.
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