Nine of 12 public lenders undertook MCLR rate cuts in August
| Bank | Punjab National Bank |
|---|---|
| MCLR in July | 7.6% |
| MCLR in August | 7.35% |
| Basis Point Difference | 25 |
| Bank | Bank of India |
| MCLR in July | 7.6% |
| MCLR in August | 7.45% |
| Basis Point Difference | 15 |
| Bank | United Bank of India |
| MCLR in July | 7.4% |
| MCLR in August | 7.25% |
| Basis Point Difference | 15 |
| Bank | Bank of Maharashtra |
| MCLR in July | 7.5% |
| MCLR in August | 7.4% |
| Basis Point Difference | 10 |
| Bank | Canara Bank |
| MCLR in July | 7.55% |
| MCLR in August | 7.45% |
| Basis Point Difference | 10 |
| Bank | Indian Overseas Bank |
| MCLR in July | 7.75% |
| MCLR in August | 7.65% |
| Basis Point Difference | 10 |
| Bank | Central Bank of India |
| MCLR in July | 7.2% |
| MCLR in August | 7.15% |
| Basis Point Difference | 5 |
| Bank | Indian Bank |
| MCLR in July | 7.4% |
| MCLR in August | 7.35% |
| Basis Point Difference | 5 |
| Bank | Punjab & Sind bank |
| MCLR in July | 7.8% |
| MCLR in August | 7.75% |
| Basis Point Difference | 5 |
| Bank | MCLR in July | MCLR in August | Basis Point Difference | |
|---|---|---|---|---|
| 1 | Punjab National Bank | 7.6% | 7.35% | 25 |
| 2 | Bank of India | 7.6% | 7.45% | 15 |
| 3 | United Bank of India | 7.4% | 7.25% | 15 |
| 4 | Bank of Maharashtra | 7.5% | 7.4% | 10 |
| 5 | Canara Bank | 7.55% | 7.45% | 10 |
| 6 | Indian Overseas Bank | 7.75% | 7.65% | 10 |
| 7 | Central Bank of India | 7.2% | 7.15% | 5 |
| 8 | Indian Bank | 7.4% | 7.35% | 5 |
| 9 | Punjab & Sind bank | 7.8% | 7.75% | 5 |
