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Dena Bank has reduced the marginal cost based lending rate (MCLR) by 10 basis points to 9.30 percent from 9.40 percent for 1 year tenor.
It has said that the new rates will be applicable from December 1.
The bank has also fixed its overnight period minimum lending rate or MCLR at 9.10 percent.
The interest rate, for the one month period, has been set at 9.15 percent.
For three months, the interest on loans has been fixed at 9.20 percent while for six months period the rate has been fixed at 9.25.
