RBI reduced the repo rate by 0.25 per cent to 6 per cent in August, citing reduction in inflation risks.
22 Sep 2017 2:00 PM
As of now, Bank of India's one year MCLR stands at 8.40 per cent.
07 Sep 2017 7:34 PM
A rate cut will give a push to credit growth which has been sluggish from last many quarters.
30 Jul 2017 1:25 PM
The new rate is effective from the date the bank merged five of its associates and Bharatiya Mahila Bank.
03 Apr 2017 6:30 PM
MCLR for the 3-month period has been decreased by 0.8 percentage points to 8.40 per cent.
10 Jan 2017 4:27 PM
Banks have started lowering their lending rates as demonetisation has led to a surge in deposits.
02 Jan 2017 3:38 PM