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BRIEF-IDBI Bank cuts 1-year MCLR to 8.80 pct
February 6, 2017 / 10:51 AM / 10 months ago

BRIEF-IDBI Bank cuts 1-year MCLR to 8.80 pct

Feb 6 (Reuters) - IDBI Bank Ltd

* Cuts 1 year MCLR to 8.80 percent

* Says reduction in MCLR is expected to positively impact loan growth Source text: (IDBI Bank reduces Marginal Cost of Funds based Lending Rates (MCLR) as under: Tenor MCLR ( in % ) Overnight 8.20 One Month 8.40 Three Month 8.55 Six Month 8.60 One Year 8.80 Two Year 8.85 Three Year 8.95) Further company coverage:

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