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Our Bureau

Bangalore , March 31

SYNDICATE Bank has realigned its lending rates with effect from Thursday.

A bank release said here today that the realignment would lead to a reduction in the interest rates for retail customers by as much as 50 basis points. The reduction would be available to those customers who have availed of floating rate interest loans, the release added.

For farm loans up to Rs 2 lakh, the interest rate would be 10 per cent, a drop of one per cent over the present rate. Small-scale industry credit limits would be charged 8.5 per cent for amounts up to Rs 50,000. For amounts up to Rs 2 lakh, the interest rate would be 10 per cent, the release said.

More Stories on : Public Sector Banks | Interest Rates

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