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BRIEF-Bank of India cuts one-year MCLR to 8.30 pct
September 7, 2017 / 11:05 AM / 2 months ago

BRIEF-Bank of India cuts one-year MCLR to 8.30 pct

Sept 7 (Reuters) - Bank Of India Ltd:

* Says Bank of India cuts marginal cost based lending rates (MCLRs)

* Says revised MCLR for one-year now stands at 8.30 percent

* Says reduced rates would come into effect from September 10, 2017 Source text: [Bank of India (BOI) has reduced its Marginal Cost based Lending Rates (MCLRs). The revised MCLR for One-year now stands at 8.30%. Besides the one-year tenor, the revised MCLRs for other tenors are as under:

* Overnight: 7.90%,

* One-month: 8.00%,

* Three-months: 8.10%, and

* Six-months: 8.25%

* The reduced rates would come into effect from September 10, 2017.] Further company coverage:

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