Syndicate Bank, one of the leading Indian nationalized banks, announced reduction in base rate and benchmark prime lending rate (BPLR) of 25 basis points.

Base rate has been revised from 10.25% p.a. to 10.00% p.a. BPLR has been reduced from 14.50% p.a. to 14.25% p.a. The revision in interest rates will be effective from Jun. 8, 2015.

Earlier on June 2, the RBI has reduced repo rate by 25 basis points and called the banks to transmit the reduction in policy rate into their lending rates.

Shares of the company declined Rs 0.2, or 0.18%, to trade at Rs 110.05. The total volume of shares traded was 164,412 at the BSE (3.28 p.m., Friday).