We Have Reduced MCLR By 25 bps Effective From August 10: Bank Of India
  • WebDesk BTVI
  • Aug 09 2019

Chaitanya G Chintapalli, Executive Director, Bank of India, when asked when the bank will pass on the benefits to borrowers in view of RBI cutting rates by 110 basis points so far, says they have cut 25 bps on MCLR effective from tomorrow. He expects a push in home, auto and consumer loans as a result.