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South
Indian Bank sets overnight MCLR rates at 9.50%
South
Indian Bank declared its marginal cost of funds based lending rate (MCLR) for
one year at 10 per cent. As per RBI guidelines, the bank has approved MCLR for
all Rupee loans sanctioned with effect from April 1st 2016.
The bank has declared MCLR other
tenors — overnight (9.50 per cent), one month (9.55 per cent), three months
(9.60 per cent) and six months (9.75 per cent).
Stock View:
South Indian Bank Ltd ended at Rs. 18.25, up by Rs. 0.65 or 3.69% from its previous closing of Rs. 17.6 on the BSE.
South Indian Bank Ltd ended at Rs. 18.25, up by Rs. 0.65 or 3.69% from its previous closing of Rs. 17.6 on the BSE.
The stock traded above its 200 DMA.
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