Karnataka Bank has reduced the rate of interest on its KBL-Mahila Udyog scheme by 30 basis points with effect from September 1. A press release from the bank said the rate of interest on the scheme, to support women entrepreneurs, has been reduced to 9.90 per cent from 10.20 per cent. The release also said that the bank has reduced its one-year marginal cost of fund-based lending rate (MCLR) by 5 bps with effect from September 1. Now the one-year MCLR stands at 8.85 per cent per annum.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.