Syndicate Bank Cuts MCLR by 5-10 bps

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 August 10.

Important Takeaways from Above News-
  • Headquarter of Syndicate Bank is in Manipal, Karnataka.
Source- The Hindu Business Line

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