Current Affairs - Banking - Discussion

IDBI Bank increased the marginal cost of funds based lending rate (MCLR) by up to 0.10 per cent for various tenors. For overnight and one-month tenor loans, the MCLR are increased by 0.05 per cent each to 8 per cent and 8.25 per cent respectively. The one year loan will be priced at 8.85 per cent, two year and three year tenors will be priced at 8.90 per cent each.