Syndicate Bank raises MCLR rates by 5 bps
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.
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