Syndicate Bank today said it has increased its marginal cost of funds based lending rate (MCLR) by five basis points across all tenors.
The one-year MCLR rate have been revised to 8.50 per cent, while the six month rate now stands at 8.30 per cent.
The new minimum lending rates is effective from May 10, the bank said in a release.
***************** Whistling Woods partners Reliance Jio for VR lab *
***************** Omkar Realtors launches second tower at Malad project *
***************** 'India's LED sector may hit Rs 2.7 lakh crore by 2022' *
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app