Abu Dhabi Commercial Bank has hiked its One Year MCLR Base Rate or the minimum lending rate by 0.05%, or 05 basis points with effect from Friday, September 07, 2018. Abu Dhabi Commercial Bank has revised its One Year MCLR Base Rate from 9.20 percent to 9.25 percent per annum.
Abu Dhabi Commercial Bank – Current MCLR Base Rate and Loan Interest Rate
New Delhi (Delhi, India), September 16, 2018
Abu Dhabi Commercial Bank Increases One Year MCLR Base Rate to 9.25 Percent Per Annum
The Abu Dhabi Commercial Bank (ADCB India) has hiked its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.05 percent, or 05 basis points (BPS) with effect from Friday, September 07, 2018.
Abu Dhabi Commercial Bank has revised its One Year MCLR Base Rate or the minimum lending rate from 9.20 percent to 9.25 percent per annum.
Abu Dhabi Commercial Bank’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.
Abu Dhabi Commercial Bank 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.
Abu Dhabi Commercial Bank’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data
Abu Dhabi Commercial Bank’s MCLR Base Rate effective from September 07, 2018 is:
Overnight MCLR: 8.40%
One Month MCLR: 8.55%
Three Month MCLR: 8.75%
Six Month MCLR: 8.90%
One Year MCLR: 9.25%
Abu Dhabi Commercial Bank’s MCLR Base Rate effective from August 07, 2018 was:
Overnight MCLR: 8.60%
One Month MCLR: 8.45%
Three Month MCLR: 8.70%
Six Month MCLR: 8.85%
One Year MCLR: 9.20%
Abu Dhabi Commercial Bank’s MCLR Base Rate effective from February 07, 2018 was:
Overnight MCLR: 8.05%
One Month MCLR: 8.05%
Three Month MCLR: 8.15%
Six Month MCLR: 8.20%
One Year MCLR: 8.45%
Abu Dhabi Commercial Bank’s MCLR Base Rate effective from April 07, 2017 was:
Overnight MCLR: 8.30%
One Month MCLR: 8.35%
Three Month MCLR: 8.40%
Six Month MCLR: 8.50%
One Year MCLR: 8.65%
Abu Dhabi Commercial Bank’s MCLR Base Rate effective from January 07, 2017 was:
Overnight MCLR: 8.30%
One Month MCLR: 8.35%
Three Month MCLR: 8.40%
Six Month MCLR: 8.50%
One Year MCLR: 8.70%
Abu Dhabi Commercial Bank’s MCLR Base Rate effective from October 07, 2016 was:
Overnight MCLR: 8.60%
One Month MCLR: 8.65%
Three Month MCLR: 8.70%
Six Month MCLR: 8.80%
One Year MCLR: 9.00%
Abu Dhabi Commercial Bank’s MCLR Base Rate effective from April 01, 2016 was:
Overnight MCLR: 9.05%
One Month MCLR: 9.10%
Three Month MCLR: 9.20%
Six Month MCLR: 9.30%
One Year MCLR: 9.55%
Two Year MCLR: 9.60%
Three Year MCLR: 9.70%
Abu Dhabi Commercial Bank Reduces Base Rate to 9.50 Percent Per Annum
The Abu Dhabi Commercial Bank has decreased its Base Rate (BR) for old loans by 0.20 percent, or 20 basis points (BPS) with effect from Wednesday, January 24, 2018.
Abu Dhabi Commercial Bank has revised its Base Rate or the minimum lending rate from 9.70 percent to 9.50 percent per annum.
Abu Dhabi Commercial Bank decides its interest rates on all loans and advances lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.
Abu Dhabi Commercial Bank’s Base Rate Historical Data
January 24, 2018 Base Rate: 9.50%
November 01, 2016 Base Rate: 9.70%
November 01, 2015 Base Rate: 9.70%
July 01, 2014 Base Rate: 9.95%
September 05, 2013 Base Rate: 10.50%
August 12, 2011 Base Rate: 10.00%
July 01, 2011 Base Rate: 9.50%
April 01, 2011 Base Rate: 9.00%
January 01, 2011 Base Rate: 8.25%
July 01, 2010 Base Rate: 7.50%