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UNION BANK OF INDIA - Updates
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01 Apr 2016
Union Bank of India has informed BSE that the Bank has adopted Marginal Cost of Funds-based Lending Rate (MCLR). The new rate setting structure is based on the Marginal Cost of Funds rather than average cost and comes w.e.f. April, 2016. The MCLR for loans with maturities up to 3 years will be lower than its current base rate of 9.65 %. The Bank will add a spread over the MCLR for the final loan rate to be charged. The rates take effect from April 01, 2016.&lt;BR&gt;
View all announcements for UNION BANK OF INDIA Source: BSE India