CTBC Bank Co. Ltd has reduced its One Year MCLR Base Rate or the minimum lending rate by 0.80%, or 80 basis points with effect from Thursday, November 22, 2018. CTBC Bank has revised its One Year MCLR Base Rate from 8.89 percent to 8.09 percent per annum.
CTBC Bank Co. Ltd – Current MCLR Base Rate and Loan Interest Rate
New Delhi (Delhi, India), June 03, 2019
CTBC Bank Co. Ltd Decreases One Year MCLR Base Rate to 8.09 Percent Per Annum
The CTBC Bank Co. Ltd (formerly Chinatrust Commercial Bank) has reduced its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.80 percent, or 80 basis points (BPS) with effect from Thursday, November 22, 2018.
CTBC Bank Co. Ltd has revised its One Year MCLR Base Rate or the minimum lending rate from 8.89 percent to 8.09 percent per annum.
CTBC Bank Co. Ltd’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.
CTBC Bank Co. Ltd applies the interest rates on all new loans and advances with reference to MCLR based rates from April 01, 2016 onwards.
The Reserve Bank of India (RBI) has asked all banks to set at least five MCLR based benchmark lending rates – Overnight MCLR, One Month MCLR, Three Month MCLR, Six Month MCLR, and One Year MCLR. The loans linked with MCLR will be reset for a maximum of one year tenure.
CTBC Bank Co. Ltd’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data
CTBC Bank’s MCLR Base Rate effective from November 22, 2018 is:
Overnight MCLR: 7.59%
One Month MCLR: 7.69%
Three Month MCLR: 7.79%
Six Month MCLR: 7.94%
One Year MCLR: 8.09%
CTBC Bank’s MCLR Base Rate effective from October 21, 2018 was:
Overnight MCLR: 8.19%
One Month MCLR: 8.24%
Three Month MCLR: 8.34%
Six Month MCLR: 8.59%
One Year MCLR: 8.89%
CTBC Bank’s MCLR Base Rate effective from September 01, 2018 was:
Overnight MCLR: 8.10%
One Month MCLR: 8.10%
Three Month MCLR: 8.15%
Six Month MCLR: 8.30%
One Year MCLR: 8.45%
Two Year MCLR: 8.55%
Three Year MCLR: 8.65%
CTBC Bank Co. Ltd Cuts Base Rate to 7.48 Percent Per Annum
The CTBC Bank Co. Ltd (formerly Chinatrust Commercial Bank) has lowered its Base Rate (BR) for old loans by 1.52 percent, or 152 basis points (BPS) with effect from Friday, December 01, 2017.
CTBC Bank Co. Ltd has revised its Base Rate or the minimum lending rate from 9.00 percent to 7.48 percent per annum.
CTBC Bank Co. Ltd decides its interest rates on all loans and advances lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.
CTBC Bank’s Base Rate Historical Data
December 01, 2017 Base Rate: 7.48%
April 02, 2016 Base Rate: 9.00%
October 01, 2015 Base Rate: 9.00%
April 15, 2015 Base Rate: 9.75%
March 18, 2014 Base Rate: 10.00%
December 16, 2013 Base Rate: 10.50%
August 20, 2013 Base Rate: 10.00%
May 14, 2013 Base Rate: 10.25%
April 01, 2013 Base Rate: 10.40%