Comments
Indian Overseas Bank announced that it has reduced the interest rate on loans linked to MCLR by 10 basis points across all tenors effective August 10.
With this move, loans linked to MCLR will become cheaper. The bank has also reduced its interest rate on loans linked to base rate by 10 basis points from 9.45 per cent to 9.35 per cent per annum, according to a statement.
Comments
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.