Central Bank of India reduces MCLR from Sep 15, 2020

Central Bank of India reduces its 1-year MCLR from 7.15% to 7.10% and also reduces MCLR of other tenors by 5 bps w.e.f 15th September 2020.

The Overnight MCLR has been reduced from 6.60% to 6.55%.
The 1 Month MCLR has been reduced from 6.60% to 6.55%.
The 3 Months MCLR has been revised from 6.90% to 6.85%.
The 6 Months MCLR has been reduced from 7.05% to 7.00%.
The 1 Year MCLR has been revised from 7.15% to 7.10%.

With this, the Bank has reduced its 1 year MCLR by 90 bps since 01/04/2020 (i.e. from 8.00% to 7.10%).

Shares of CENTRAL BANK OF INDIA was last trading in BSE at Rs.16.55 as compared to the previous close of Rs. 16.5. The total number of shares traded during the day was 145383 in over 604 trades.

The stock hit an intraday high of Rs. 16.8 and intraday low of 16.05. The net turnover during the day was Rs. 2391038.

Source : Equity Bulls

Keywords