Union Bank of India hikes MCLR by 25 bps across loan tenures
The Union Bank of India has hiked its marginal cost of funds-based lending rates by 25 basis points across tenures, effective Saturday, according to the bank's website. After the revision, the bank's lending rates are in the range of 7.90-9.00%. On Saturday, Union Bank of India hiked its external benchmark-based lending rate by 25 bps to 9.30%.