IDBI Bank hiked its marginal cost of funds-based lending rates by 20 basis points across tenures, effective today, according to information on the bank's website.
After the revision, the bank's lending rates are in the range of 7.65-9.40%.
In December, the private bank had kept the MCLR unchanged across tenures.
The Reserve Bank of India's norms require banks to review their lending rates every month based on the marginal cost of funds.
Mumbai News: BMC Likely To Invite Tenders For Gargai Dam Next Week; 440 MLD Supply Boost Expected Amid Pending Wildlife Clearances
Mumbai Civic Update: BMC Gets CRZ Clearance For ₹3,000-Crore Dharavi–Bhandup Water Tunnel Project To Transport Treated Sewage
Bombay HC Upholds ₹35.92 Lakh MACT Award To Mother Of 13-Year-Old Accident Victim; Insurer’s Appeal Dismissed
Bombay HC Orders Fresh Scrutiny Of ‘New Flat’ Created In Malboro House Society; Sets Aside Membership Granted To Buyer
