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Name the bank which increased its Marginal Cost-Based Lending Rate (MCLR) by 5 basis points recently.
  • a)
    Union Bank of India
  • b)
    Bank of Baroda
  • c)
    Allahabad Bank
  • d)
    UCO Bank
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Name the bank which increased its Marginal Cost-Based Lending Rate (MC...
Bank of Baroda increased its Marginal Cost-Based Lending Rate (MCLR) by 5 basis points. This would come into effect from June 7,2018. Other banks that have recently raised their MCLR rates are : SBI by 10 basis points, Punjab National Bank by 5-10 basis points, Union Bank, ICICI Bank, Kotak Mahindra Bank.
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Most Upvoted Answer
Name the bank which increased its Marginal Cost-Based Lending Rate (MC...
Bank of baroda
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Name the bank which increased its Marginal Cost-Based Lending Rate (MCLR) by 5 basis points recently.a)Union Bank of Indiab)Bank of Barodac)Allahabad Bankd)UCO BankCorrect answer is option 'B'. Can you explain this answer?
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