Madhya Pradesh News Tribune
Buisness

Business: Punjab National Bank and ICICI Bank have changed marginal cost based lending rates

Punjab National Bank and ICICI Bank have changed the marginal cost based lending rates. PNB has increased the interest rates for all tenures. With this decision of banks, the burden of EMI will increase on you. The new rates have come into effect from June 1. Banks have uploaded the new rates on their websites. Private sector bank ICICI Bank has reduced interest rates for some selected tenures. ICICI Bank has reduced the one month MCLR from 8.50 per cent to 8.35 per cent. At the same time, the three-month MCLR has been cut by 15 basis points.

ICICI Bank has increased the MCLR for certain tenures. The bank has increased the bps of 6 months and 1 year tenure by 5 basis points. The bank has increased the rate of 6 months loan to 8.75 percent. At the same time, the rate of one year loan will be 8.85 percent. Similarly, PNB has increased the interest rates for all tenures. PNB has increased the interest rates by 0.10 percent.

After this increase, the interest rate for one year loan of PNB has become 8.60 percent, the rate of three year loan has become 8.90 percent. Similarly, Bank of India has also made all its tenure loans costlier. The bank has increased the MCLR rate by 0.05 percent. After the increase, the interest rate of one year loan has now reached 8.65 percent.

Related posts

Nike’s quarterly profits decline as a result of rising costs, but sales are still strong

Price of iQOO 12 5G India Revealed Before Launch on December 12: What to Expect

Income Tax Payment Feature Is Now Available On PhonePe’s App; Details Here

Food Price Increase Drives India’s Retail Inflation to a Three-Month High, Say Experts

Varanasi to Vaishno Devi Special Trains Announced by Indian Railways

Mallikarjun Kharge: PM Modi is like ‘poisonous snake’; BJP hits back at congress president | – Times of India

Admin