Rego assumed charge on July 1, a bank press release here said.
The bank has reduced marginal cost of funds based lending rate (MCLR) by 0.7 per cent to 8.75 per cent for 1 year tenor, Syndicate Bank said in a filing on stock exchanges.
Mangaluru: Melwyn Rego, former chairman of the Bank of India, has been appointed as Managing Director and Chief Executive Officer of the Manipal-based Syndicate Bank.
Rego assumed charge on July 1, a bank press release here said. He had earlier served as deputy managing director of IDBI Bank, CEO of IDBI Home finance and as its Head-International Banking Division spearheading the overseas
initiatives of IDBI, it added.
( Source : PTI )
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