Since April 1, 2020, the lender has slashed its benchmark rate by 85 basis points from 8 per cent to 7.15 per cent, the release said. Overnight and one-month MCLRs have been revised to 6.60 per cent as against 6.65 per cent.source https://economictimes.indiatimes.com/industry/banking/finance/banking/central-bank-of-india-cuts-mclr-by-5-bps-across-tenors/articleshow/77550020.cms
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