Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc – Times of India

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 · Corporation Bank cuts 1-year MCLR by 5 bps to 8.85 per cent Following the RBI’s move to slash repo rate by 25 basis points in its bi-monthly monetary policy on June 6, banks have started to cut their MCLR.

Corporation Bank cuts 1-yr mclr by 5 bps to 8.85% Corporation Bank’s tenor based MCLR, for all new rupee loans and advances including renewals, is revised with effect from June 15 2019, a BSE.

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 · Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pct Corporation Bank’s tenor based MCLR, for all new rupee loans and advances including renewals, is revised with effect from June 15 2019. Banks have started to cut MCLR post RBI’s move to slash repo rate by 25 basis points on June 6.

 · 5. Cutting the corporate tax rate from 35% to 21% will improve the cash flow available to major companies. J.P. Morgan believes the additional liquidity will be used to pay down debt, for capital.

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Kolkata-headquartered United Bank of India has cuts its marginal cost of funds-based lending rate (MCLR) by up to 90 basis points across tenors. Following the cut, the one-year MCLR has been revised t

Corporation Bank cuts 1 year MCLR by 5 basis points to 8.85% timesofindia.indiatimes.com 2 days ago IDBI Bank reduces MCLR by 5-10 bps to 8.95% across various tenors