BANKING
| Indian Bank cuts BPLR and base rate by 0.25 precent Mon, 30 Apr 2012 17:02:14 +0530 |
| Business Standard Economy Policy News State-owned Indian Bank has decided to reduced its benchmark prime lending rate (BPLR) by 0.25% with effect from tomorrow. The Chennai-based bank has reduced the BPLR from the existing 15% to 14.75% per annum from May 1, 2012, a bank statement said. The base rate of the bank has also been reduced by 0.25% from the existing 10.75% to 10.50%, per annum with effect from May 1, it added. |
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