Home loan scam: Banker,4 builders get three-year jail | Chennai News – Times of India

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CHENNAI: A bank manager and four builders, involved in a Rs 10 crore job scam between 2005 and 2007, have now been found guilty of the fraud by a CBI court and sentenced to three-year imprisonment..

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Corporation Bank cuts 1-yr MCLR by 5 bps to 8.85 pc Similarly, for three-month, six-month and one-year tenor loans, MCLR has been decreased by 5 bps to 8.45 per cent, 8.55 per cent and 8.65 per cent, respectively. Earlier, MCLR for three-month, six-month and one-year tenor loans were at 8.50 per cent, 8.60 per cent and 8.70 per cent, respectively.

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