Tag Archives: MCLRs

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 »