Syndicate Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from July 11 as follows: revised overnight MCLR 9.40 per cent (existing MCLR 9.50 per cent), one month MCLR 9.45 per cent (existing MCLR 9.55 per cent), three months MCLR 9.45 per cent (existing MCLR 9.55 per cent), six months MCLR 9.50 per cent (existing MCLR 9.60 per cent) and one year MCLR 9.55 per cent (existing MCLR 9.65 per cent).
Consequent upon revision in MCLR, the base rate and BPLR have also been revised with effect from July 11 as follows: Base rate revised 9.60 per cent (existing rate 9.70 per cent) and BPLR revised 13.85 per cent (existing 13.95 per cent).