Punjab National Bank and Union Bank of India also cut their interest rates

Yesterday State Bank of India cut down its Marginal Cost of Fund based lending rate by 90 basis points. This announcement of cutting down MCLR rate has also been made by Punjab National Bank and Union Bank of India. Punjab National Bank has cut down its MCLR from 9.15 percent 8.45 percent. To read about the State Bank of India declaration and MCLR please follow this link.

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