1.

IDBI Bank reduced its Marginal Cost of funds based Lending Rate (MCLR) by 5-10 basis points to __________.

Answer» Life Insurance Corporation of India (LIC)-owned IDBI Bank reduced its Marginal Cost of funds based Lending Rate (MCLR) by 5-10 basis points to 8.95% across various tenors with immediate effect on June 12. Against one-year MCLR most of the customer loans such as auto, personal and home loans are priced.


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