Marginal Cost of Funds Based Lending Rate – Effective Date - January 7, 2021
Existing MCLR | Proposed MCLR | Change | |
Tenors |
Existing Rates Effective Date - December 7, 2020 |
Rates Effective Date - January 7, 2021 |
|
Overnight | 5.15% | 5.10% | -5 bps |
One Month | 5.20% | 5.15% | -5 bps |
Three Month | 5.30% | 5.25% | -5 bps |
Six Month | 5.40% | 5.35% | -5 bps |
One Year | 5.50% | 5.45% | -5 bps |
G Sec Tenor Premiums over 1 year are as follows:
Tenors | Tenor Premium |
2 year (over 1 yr) | 0.72 bps |
3 year (over 1 yr) | 1.05 bps |