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Union Bank of India reduces MCLR

16 Jan 2020 Evaluate

Union Bank of India has reduced marginal cost of funds based lending rate (MCLR) with effective from January 16, 2020. The Bank has reduced the 1 year, 6 month 3 month and 1 month MCLR to 8.30% p.a., 8.20% p.a., 8.10% p.a. and 8.00% p.a. respectively. The Bank has also reduced Overnight MCLR to 7.50% p.a.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.

Peers
Company Name CMP
State Bank Of India 1018.00
PNB 126.30
Bank Of Baroda 250.00
Canara Bank 122.80
Union Bank Of India 186.75
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