CIR. No.

: 265 / 2020
INDEX : ADV :: 120
CREDIT POLICY SECTION DATE : 04.04.2020
RISK MANAGEMENT WING
HEAD OFFICE : BENGALURU-560002 ADWO

SUB: RATES OF INTEREST ON RUPEE LOANS AND ADVANCES – RLLR OF THE

BANK FOR MSME & RETAIL SECTORS w.e.f.07.04.2020.

SYNOPSIS
With effect from 7th April 2020
1. RLLR will be 7.30%
2. There is reduction in RLLR by 75 bps

With effect from 01.10.2019, Bank has introduced Repo Linked Lending Rate
for loans under MSME & Retail Sectors. Branches / Offices shall refer to HO
Circulars 501/2019 dated 30.09.2019 and 550/2019 dated 22.10.2019 for
guidelines on RLLR interest rates and the latest being HO Circular 613/2019
dated 05.12.2019.

Attention of Branches / offices is invited to HO Circular 166/2020 dated

24.03.2020 wherein the Benchmark Lending rates for the amalgamated
entity and also guidelines for continuation of ROI for the existing loans
and advances of the erstwhile Syndicate Bank and also for common
borrowers of both the Banks are enumerated.

Considering the present market conditions, it has been decided to revise

RLLR downwards by 0.75% w.e.f. 7th April 2020, as under :

Existing RLLR Revised RLLR w.e.f.07.04.2020

8.05% 7.30%

The RLLR for the existing loan accounts of the erstwhile Syndicate Bank shall
be as under :

Revised rates w.e.f

Regime Category Existing Rates
07.04.2020
External Housing Loan 7.85% 7.10%
Benchmark Retail Loan (other
8.05% 7.30%
Linked Prime than Housing Loan)
Rate (EBPLR) MSE Loan 8.25% 7.50%
Repo Rate RLLR linked Loan
linked Lending prior to 01.10.2019 7.90% 7.15%
Rate (RLLR)
Consequent to this revision in RLLR, corresponding rates of interest on various
loans/advances linked to RLLR shall stand reduced by 0.75% w.e.f. 7th April
2020.

The above RLLR shall be effective till the Bank reviews and declares the
revised RLLR from time to time. The RLLR will be revised and shall be
conveyed to branches/offices on monthly basis/any other frequency as
decided by the Bank.

Branches/Offices shall take note of the above for compliance. All other
guidelines contained in the above circulars shall continue.

Branches shall display the contents of the Circular on the Notice Board of the
Bank.

A.V.RAMA RAO
GENERAL MANAGER