Mumbai, March 31 -- As per the revised rate card, the overnight MCLR stands at 7.70%, while the one-month, three-month and six-month MCLR are at 8.05%, 8.20% and 8.60%, respectively. The one-year and three-year MCLR have been retained at 8.75% and 8.90%.

The lender also announced changes in its fixed rate spread structure effective April 1. Interest rates for different tenors have been revised, with one-year loans priced at 8.75% plus credit risk premium (CRP), two-year loans at 9.25% plus CRP, and three-year loans at 9.35% plus CRP. Four-year loans will carry an interest rate of 9.75% plus CRP, while loans above five years will be priced at 8.75% plus tenor premium and CRP.

Separately, the bank said its base rate has been reduced by 50...