scorecardresearchIndian Bank raises MCLR rates by 0.15% across tenors; Here's how it affects your EMIs

Indian Bank raises MCLR rates by 0.15% across tenors; Here's how it affects your EMIs

Updated: 01 Jul 2022, 08:01 AM IST
TL;DR.
The benchmark one-year tenor MCLR -- against which most of the consumer loans are based upon -- will be 7.55 per cent as against 7.40 per cent presently, Indian Bank said in a regulatory filing.
FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration