Syndicate Bank cuts lending rate by 5-10 bps
August 10th, 2017
Syndicate Bank has pared its marginal cost of funds based lending rate (MCLR) by 5-10 basis points in certain maturity buckets. MCLR for six months and one year will be 8.3 per cent (8.35 per cent now) and 8.5 per cent (8.60 per cent now), respectively, with effect from 10th August, 2017. MCLR for all other maturities have been left unchanged.