Public-sector banks such as Bank of Baroda, Canara Bank, and UCO Bank, have increased their Marginal Cost of Funds-based Lending Rates(MCLR) in different tenures which will result in higher costs for consumer…
Tag: MCLR
Banks rush out deposit rate hikes in scramble for cash
A number of large and mid-sized banks raised term deposit rates in December, luring customers to park surplus money with them as the system liquidity deficit widened following tax outflows and tepid…