United Bank of India has informed that the Asset Liability Management Committee of the Bank has reduced tenor based MCLR (Marginal Cost of Funds based Lending Rate) of the Bank, to be effective from January 16, 2020. Also enclosed the details, in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure ,Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.