Tag Archives: Allahabad

BoI, Syndicate Bank, Allahabad Bank cut lending rates by up to 25 basis points

More banks in the public sector came forward to announce cuts in their lending rates days after RBI cut repo rate by 35 basis points. This time, the banks to make theĀ announcementsĀ are Bank of India, Syndicate Bank and Allahabad Bank. While BoI and Syndicate Bank have cut their marginal cost of fund-based lending rates or MCLRs by 25 basis points, ... Read More »

BoI, Syndicate Bank, Allahabad Bank cut MCLRs by up to 25 basis points

Syndicate Bank reduced MCLRs by 25 bps across all tenures, effective August 12. State-owned lenders Bank of India, Syndicate Bank and Allahabad Bank on Friday reduced their marginal cost of funds-based lending rates (MCLRs), days after a 35 basis-point (bps) cut in the repo rate by the Reserve Bank of India (RBI) at its August policy. The one-year MCLR at ... Read More »