Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1893)
1893.
Punjab National Bank and this bank increases MCLR rates for loan borrowers.
Answer: Option
Explanation:
The Punjab National Bank (PNB) and ICICI Bank hiked the MCLR rates for loan borrowers. Taking a cue from SBI, country's second-largest private sector lender ICICI Bank also raised the one-year MCLR from 8.2% to 8.3%. The PNB, which is at the center of Nirav Modi fraud also increased one-year MCLR to 8.3% from 8.15%.
Discussion:
2 comments Page 1 of 1.
Raghavendra reddy said:
8 years ago
Please give me clarity for the last line "MCLR to 8. % from 8.15%".
RAVIKUMAR said:
8 years ago
Give details of MCLR.
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