Interest rates for loan tenure of three months has been hiked to 8.50 per cent from 8.40 per cent earlier.
Interest rates for loan tenors of overnight, one month, six months and one year remain unchanged to 8.30 per cent, 8.35 per cent, 8.60 per cent, and 8.80 per cent, respectively.
Lenders review the MCLRs every month.
Shares of Syndicate bank were trading 2.18 per cent higher at Rs 30.40 apiece on BSE.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)