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Syndicate Bank has announced a reduction of the marginal cost of funds based lending rates (MCLR) ranging from 70 to 100 bps across various tenors with effect from January 10.
The revised rates are: Overnight MCLR revised to 8.30% (existing 9.30%); one-month MCLR revised to 8.35% (existing 9.35%); three-month MCLR revised to 8.40% (existing 9.35%); six-month MCLR revised to 8.60% (existing 9.40%); and one-year MCLR revised to 8.75 % (existing 9.45%).
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