Union Bank of India reduces lending rates by 10 bps

The lender has reduced its one year MCLR or the minimum lending rate, against which most of the consumer loans are benchmarked, to 8.60 percent from 8.70 percent earlier.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/union-bank-of-india-reduces-lending-rates-by-10-bps/articleshow/68228798.cms