Syndicate Bank revises MCLR rates

Syndicate Bank has revised its MCLR (marginal cost of funds-based lending rate) and has raised the rates for one-year tenor by 5 bps, keeping all other tenors unchanged. The revised rates, with effect from June 10, are: 8 per cent for overnight tenor, 8.05 per cent for one-month tenor, 8.10 per cent for three-month tenor, 8.30 per cent for six-month tenor, and 8.55 per cent for one-year tenor.