Bank of India hikes rate by 0.10% from Jun 10 for various tenors
The bank has increased MCLR rates by 10 bps (or 0.10 per cent) for various tenors, it said in a statement. "Bank of India has revised upward marginal cost-based lending rate for one-year at 8.50 per cent while overnight rate up by 10 bps at 7.90 per cent," the statement said.
Bank of India said the enhanced rates would come into effect from June 10, 2018; image source: PTI