NEWSALERT: Syndicate Bank cuts BPLR by 50 bps

Manipal-based public sector lender, Syndicate Bank, has announced downward revision in its Benchmark Prime Lending Rate (BPLR) by 50 basis points from 12.50 per cent to 12 per cent per annum, with effect from July 1, 2009.

The decrease in BPLR will be applicable to all outstanding and fresh credit facilities linked with BPLR, the bank said in a release.

Details Awaited