Syndicate Bank cuts base rate

Syndicate Bank has cut its base rate by 25 basis points to 10 per cent. “The base rate is revised from 10.25 per cent to 10 per cent and the benchmark prime lending rate is revised from 14.50 per cent to 14.25 per cent with effect from June 8,” Syndicate Bank said. The bank’s shares ended marginally higher at ₹107.85 on the BSE on Tuesday.