ICICI Bank Marginal Cost of funds based Lending Rate (“MCLR”)
April 29, 2016
ICICI Bank publishes ICICI Bank MCLR (“I-MCLR”) benchmarks effective 1st of every month. I-MCLR benchmarks effective from May 1, 2016 are provided below:
|Benchmark tenure||Benchmark name||Benchmark rate p.a.|
Interest rate on all rupee loans sanctioned and credit limits renewed w.e.f. April 1, 2016 will be priced with reference to I-MCLR benchmarks.