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Syndicate Bank raises MCLR by up to 0.15 pc

Press Trust of India  |  New Delhi 

State-owned has hiked its lending rate or MCLR by up to 0.15 per cent across various tenors, effective November 10.

The interest rate for different categories of borrowers are pegged at the marginal cost of funds based lending rate (MCLR).

According to regulatory filing, has raised MCLR for a three month tenor from 8.35 per cent to 8.40 per cent, while six-month MCLR increased from 8.6 per cent to 8.75 per cent.

However, the has retained the MRCR for other tenors.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 09 2018. 21:15 IST