My bank’s MCLR is higher than other banks who are approaching me for giving credit facilities. How can my bank match the rates offered by others?

Can banks lend below MCLR?

Is it important to choose correct MCLR – 1 month vs 3 months v 6 months vs 12 months?

What are the key components of MCLR?

How do I understand MCLR in layman’s language?