3 major banks hikes MCLR ahead of RBI bi-monthly monetary policy meet


Three major banks have raised their MCLRs ahead of the RBI's bi-monthly monetary policy meeting.

The Reserve Bank of India (RBI) is set to release its bi-monthly monetary policy announcement later this week.

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BOI MCLR

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7.30 percent for one-month tenor MCLR, 7.35 percent for three-year MCLR, 7.45 percent for six-months MCLR

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Swipe up and know the MCLR rate of both the remaining banks

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Three major banks have raised their MCLRs ahead of the RBI's bi-monthly monetary policy meeting.

The Reserve Bank of India (RBI) is set to release its bi-monthly monetary policy announcement later this week.

BOI MCLR

Bank of India increased its MCLR by 10 basis points across all tenors, bringing it to 6.80 percent for overnight teno

7.30 percent for one-month tenor MCLR, 7.35 percent for three-year MCLR, 7.45 percent for six-months MCLR

Swipe up and know the MCLR rate of both the remaining banks