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IOB cuts MCLR by 50 basis pts

Orissa POST

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July 17, 2025

Public sector Indian Overseas Bank revised its Marginal Cost of Funds-based Lending Rates (MCLR) by 50 basis points across all tenors with immediate effect, the bank said Wednesday.

IOB cuts MCLR by 50 basis pts

The Asset Liability Management Committee (ALCO) of the bank, at its meeting held July 14, reviewed the bank's MCLR and decided to reduce it with effect from July 15.

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