New Delhi, Nov 30 (PTI) CSB Bank on Monday announced a cut in short-term rates based on marginal cost of fund based lending rates (MCLRs) by 0.10 percentage point for various tenures up to 6 months.

The benchmark one-year MCLR, upon which most of the consumer loans are set, however, has been kept unchanged at 9.50 per cent.

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The bank in a regulatory filing said it has revised the MCLR by 0.10 percentage point each for tenures ranging from overnight to six-months with effect from December 1.

The revised rates will be in the range of 7.70-8.50 per cent, it said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)