Home >Money >Personal Finance >Syndicate Bank cuts MCLR by 0.10 percentage points
The new rates will be effective from 10 March
The new rates will be effective from 10 March

Syndicate Bank cuts MCLR by 0.10 percentage points

  •  The new rates will be effective from 10 March 
  • The six-month tenor will bear an interest rate of 8.60% from the current rate of 8.70%

NEW DELHI : State-owned Syndicate Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) by 0.10% points for various tenors.

"...the bank has reviewed marginal cost of fund based lending rate (MCLR) and reduced by 10 bps," the bank said in a BSE filing.

Interest rate for one-month and three-month tenors has been reduced to 8.30 per cent and 8.45%, respectively.

The six-month tenor will bear an interest rate of 8.60% from the current rate of 8.70%.

The new rates will be effective from 10 March.

This story has been published from a wire agency feed without modifications to the text.

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