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South Indian Bank implements Marginal Cost of Funds Based Lending Rates

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Capital Market
Last Updated : Apr 04 2016 | 12:01 AM IST

With effect from 01 April 2016

South Indian Bank has decided to implement pricing of all rupee loans and advances linked to Marginal Cost of Funds Based Lending Rates from 01 April 2016.

The MCLR rates applicable are as follows -

Overnight - 9.50%
1 month - 9.55%
3 months - 9.60%
6 months - 9.75%
1 Year - 10.00%.

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First Published: Apr 02 2016 | 12:07 PM IST

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