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Central Bank of India reduces MCLR by 5 bps

Central Bank of India reduces MCLR by 5 bps

Finance
Central Bank of India has reduced its marginal cost of funds-based lending rates (MCLR) by 5 basis points (bps) across all tenors, effective from Tuesday. The city-based lender has cut the one-year MCLR to 7.10 per cent from 7.15 per cent, a release said. Overnight and one-month MCLRs have been reduced to 6.55 per cent from 6.60 per cent earlier. The new three-month and six month MCLR will stand at 6.85 per cent and 7 per cent, respectively. Last week, Union Bank of India reduced MCLR by 5 bps across all tenors. Its one-year MCLR was revised to 7.20 per cent from 7.25 per cent earlier. Chennai-headquartered public sector lender Indian Overseas Bank has cut its MCLR by 10 bps across all tenors, effective September 10. Bank of Maharashtra also slashed MCLR by 10 bps for select tenors, l...
Austin Peay, Central Arkansas to kick off college football season

Austin Peay, Central Arkansas to kick off college football season

Sports
Aug. 28 (UPI) -- The Austin Peay Governors will take on the Central Arkansas Bears in the first game of the 2020 college football season when the squads kick off at 9 p.m. EDT Saturday at the Cramton Bowl in Montgomery, Ala. The game will air on ESPN. The Cramton Bowl will be limited to 25% capacity or a maximum of about 6,250 fans. Advertisement Both schools compete in the Football Championship Subdivision, or FCS. The Football Bowl Subdivision (FBS), the top-tier of Division I football, has 129 teams. The FCS, the other half of Division I, has 125 teams. Austin Peay is in the Ohio Valley Conference, which has allowed its teams to play up to four non-conference games before it resumes a league schedule in the spring. Central Arkansas is in the Southland Conference, which also postponed i...
Costa Rica becomes first in Central America to allow gay marriage

Costa Rica becomes first in Central America to allow gay marriage

World
May 26 (UPI) -- Costa Rica became the first country in Central America to legalize same-sex marriage Tuesday. Amid the coronavirus pandemic, thousands of people watched Daritza Araya Arguedas, 24, and Alexandra Quiros Castillo, 29, get married early Tuesday morning as the first same-sex couple to legally do so in Costa Rica. The Supreme Elections Tribunal said Tuesday it has received 55 declarations of marriage from same-sex couples it will start to process. Costa Rica's Supreme Court of Justice ruled in August 2018 the ban on same-sex marriage was unconstitutional and gave parliament 18 months to legislate or the ban would be automatically lifted. The deadline expired Monday night, allowing the ban to be lifted at midnight. Costa Rican President Carlos Alvarado, who showed support of s...
Central Bank of India cuts MCLR on loans by 40 bps across all tenors

Central Bank of India cuts MCLR on loans by 40 bps across all tenors

Finance
The Central Bank of India, announced on Tuesday, that it has reduced its marginal cost of funds-based lending rate (MCLR) on loans by 40 basis points (bps) across all tenors. (1 bps = 0.01 per cent) The new rates will be effective from April 15, 2020.After the reduction, the one-year MCLR rate now stands at 7.6 per cent a year, down from 8 per cent earlier.MCLR for various tenors with effect from April 15 Tenor MCLR Overnight 7.05% 1 month 7.05% 3 month 7.35% 6 month 7.50% 1 year 7.60% Source: Bank website"With this reduction, the rates being offered by the Bank have become quite competitive in the market," stated the bank in a press release.After the Reserve Bank of India (RBI) slashed the repo rate by 75 bps in March, many banks have followed suit and reduced MCL...

Nature reserve activist shot to death in central Mexico

World
Unidentified gunmen have shot to death a lawyer and activist who defended a rural tract against development near the Mexican city of CuernavacaByThe Associated PressMarch 24, 2020, 9:48 PM2 min readMEXICO CITY -- Unidentified gunmen shot to death a lawyer and activist who defended a rural tract against development near the Mexican city of Cuernavaca, Mexico's National Human Rights Commission said Tuesday. The governmental commission issued a statement condemning the killing of Isaac Medardo Herrera on Monday night. His neighborhood activist group in Jiutepec, Morelos posted a statement saying the killers knocked on the door of Herrera's home and shot him, before fleeing. Herrera had led a fight over at least four years to stop plans to build a housing development on the Los Venados tract...