Union Bank of India reduces MCLR rates by 20 bps across all tenors

Union Bank of India has reduced its Marginal Cost of Lending Rate (MCLR) by 20 bps across all tenors w.e.f. from 1st September 2017. The rates effective from 1st September, 2017 are as follows: Overnight MCLR 7.70%; 1 Month MCLR 7.90%; 3 Months MCLR 7.95%; 6 Months MCLR 8.05%; 1 year MCLR 8.20%; 2 year MCLR 8.25% and 3 year MCLR 8.30%.