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IOB cuts MCLR by 50 basis pts
Orissa POST
|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.
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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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