NEW DELHI: State-owned Vijaya Bank has hiked marginal cost based lending rates (MCLR) by 0.05 per cent for select maturities, following industry peers.
The bank has revised the MCLR with effect from September 7, 2018, Vijaya Bank said in a regulatory filing.
The one-year MCLR, against which consumer loans are benchmarked, has been raised to 8.70 % from 8.65 % earlier.
Among others, six, three, one month and overnight MCLRs will attract 0.05 per cent higher interest each in the range of 8.60-8.05 per cent.
However, it has kept the MCLRs unchanged for three year and two year loans at 9.25 per cent and 9 per cent, respectively.
Source: Press Trust of India