Dena Bank Cuts Lending Rate

New Delhi: Dena Bank on Monday slashed its benchmark lending rate by 0.75 per cent, in the footsteps of bigger lenders like State Bank of India and Punjab National Bank. Dena Bank has reduced its marginal cost of funds-based lending rate (MCLR) by 0.75 per cent to 8.55 per cent for one-year tenor, the public sector lender said in a statement. With the reduction in benchmark rate, home, car and other loans linked to MCLR would becom...