Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc – Times of India

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Further, overall deposits of the bank stood at Rs 2,16,115.20 crore this quarter, rising by 5.33% yoy and 5.82% qoq. Provisions for bad loans stood at Rs 790.01 crore, which was up by 33.45% yoy but.

Corporation Bank posted a net loss of Rs 6,332.98 crore in 2018-19 as against a net loss of Rs 4,053.94 crore in the previous year. moneycontrolcom: Corporation Bank posted a net loss of Rs 6,332.98 crore in 2018-19 as against a net loss of Rs 4,053.94 crore in the previous year.

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The total income of Corporation Bank during the fourth quarter of 2018-19 stood at Rs 4,187.65 crore down from Rs 4,642.45 crore in the same period of the previous fiscal, the lender said in a.

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corporation bank cuts 1-yr mclr by 5 bps to 8.85% Corporation Bank’s tenor based MCLR, for all new rupee loans and advances including renewals, is revised with effect from June 15 2019, a BSE.

State Bank of India cuts MCLR-based lending rate by 5 bps to 7.95%. 31 october 2017. state Bank of India, the country’s largest lender, today announced a 5 basis point reduction in its marginal.

Union Bank had reduced its one-year MCLR by 20 bps to 8.2%. This series of cuts follows the Reserve Bank of India’s ( RBI ) decision to lower the repo rate by 25 bps to 6% at its August policy.

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For instance, Bank of India may decide to bring a lower cut in their MCLR rate compared to a Repo Rate cut. If RBI cuts the repo rate by 50 basis points or 0.5%, Bank of India may decide to cut its 1 year mclr rate only by 0.25% based on its internal funding and liquidity position.

Ram Vilas Paswan charts out future roadmap for Food Corporation of India Congressmen create mayhem at budget session of Indore Municipal Corporation Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc

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