Current Affairs - Banking - Discussion

United Bank of India has increased the marginal cost of funds based lending rate (MCLR) by 5 basis point or 0.05 percent across tenors. The Asset Liability Management Committee of the Bank has revised the tenor based MCLR of the bank with effect from 14 September 2018 The one-year MCLR has been increased to 8.85 percent from 8.80 percent.