United Bank of India slashes MCLR by 0.05% from April 18
United Bank of India has reduced its marginal cost of funds-based lending rate (MCLR) by 5 basis points across tenures, effective Thursday or April 18, 2019.
The one-year MCLR is the benchmark against which most of the consumer lending, such as auto, personal and home loans, are priced. Photo: PTI