Money & Banking

Syndicate Bank cuts MCLR by 5-10 bps

Our Bureaus Mumbai/Bengaluru | Updated on January 09, 2018 Published on August 09, 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), respectively, with effect from August 10.

MCLR for all other maturities have been left unchanged.

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Published on August 09, 2017
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