The overnight MCLR has been cut by 5 bps, from 9.20% to 9.15%. The one-month MCLR has been kept unchanged at 9.20% and the three-month MCLR is also unchanged at 9.30%. The six-month and one-year MCLRs have been cut by 5 bps from to 9.40%, and the two-year MCLR is kept unchanged at 9.45%. The three-year MCLR is cut by 5 bps from 9.50% to 9.45%. The revised rates shown in the table below are applicable from January 7, 2025.
