mclr Kotak Mahindra Bank cuts MCLR by up to 0.45 pc Banks have moved to MCLR as their new benchmark lending rate from April 2016, replacing the base rate system for new borrowers. SBI, PNB, UBI cuts lending rate by up to 0.9 per cent SBI's lending rate for three-year tenure has been cut from 9.05 per cent to 8.15 per cent. « Previous23456Next » 6 of 6