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Union Bank of India reduced the Marginal Cost of Lending Rates by 65 bps to 90 bps

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Union Bank of India reduced the Marginal Cost of Lending Rates by 65 bps to 90 bps effective from 1st January 2017. The revised 1-Year MCLR stands at 8.65%. With this, the total reduction since October 2016 in MCLR is 75 bps to 100 bps for various tenors.

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