Date:24/08/2006 URL: http://www.thehindu.com/2006/08/24/stories/2006082402611800.htm

Business - Briefly

Syndicate Bank revises benchmark PLR

BANGALORE: Syndicate Bank has revised the benchmark prime lending rate (PLR) from 11.25 per cent to 11.50 per cent with effect from August 23. Consequently, interest rates on all the outstanding and fresh credit facilities extended by the bank, carrying floating rates of interest linked to the benchmark PLR, will be re-fixed at 11.50 per cent, the bank said in a statement here on Wednesday. The bank has also hiked the interest rates on domestic term deposits effective Wednesday.