Bengaluru, November 9:
SyndicateBank has cut its MCLR further by 5 bps for one year tenor effective from November 10, making it 8.45 per cent per annum.
With this cut, the bank has reduced its MCLR by 30 bps this fiscal for one year tenor, it said in a press release.
The MCLR for overnight, one month, three months and six months will remain unchanged at 8 per cent, 8.05 per cent, 8.10 per cent and 8.25 per cent respectively. There is no change in the existing base rate and BPLR.
(This article was published on November 9, 2017)
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