Mumbai: Dena Bank, India’s trusted family bank has reduced Marginal Cost Based Lending Rate (MCLR) by 10 basis points from 9.40% to 9.30% for 1 year tenor starting from 1st December, 2016 .
As per the structure of the MCLR rates Dena bank fixed its overnight period MCLR at 9.10. while setting up the one month period MCLR at 9.15 .For three months period MCLR has been fixed at 9.20. and for six months period the rate has been fixed at 9.25. and for one year period the rate has been fixed at 9.30.
The tenor based MCLR are as follows:
|2||One Month MCLR||9.15|
|3||Three Month MCLR||9.20|
|4||Six Month MCLR||9.25|
|5||One Year MCLR||9.30|