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Minimum lending rate News

Oriental Bank of Commerce

29 Sep 2017

Oriental Bank of Commerce lowers base rate by 0.05% to 9.45%

"This is to inform that the bank has revised the base rate from 9.50 per cent per annum to 9.45 per cent per annum with effect from 03.10.2017," Oriental Bank of Commerce said in a regulatory filing.

30 Dec 2016

IDBI Bank reduces MCLR for various tenors

State-run IDBI Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1.

20 Jul 2016

Axis Bank cuts base rate by 10 bps to 9.35%

Axis Bank has slashed its minimum lending rate by 10 basis points to 9.35 percent, with effect from July 27.

26 Apr 2016

After RBI push, DCB Bank lowers lending rates

While MCLR has been reduced by up to 0.5 percent, the base rate has been cut by 0.06 percent.

19 Jan 2015

RBI asks banks to review minimum lending rate every quarter

The direction comes soon after Reserve Bank cut repo rate by 0.25 percent, the first reduction in 20 months, to boost credit and economic growth.

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