Indian Bank Cuts BPLR And Base Rate by 0.25 Percent
Tuesday, 01 May 2012, 00:39 IST
By PTI
By PTI
Bangalore: Public sector Indian Bank has reduced its benchmark prime lending rate (BPLR) by 0.25 percent with effect from May one.
The Chennai-headquartered bank has reduced the BPLR from the existing 15 percent to 14.75 percent per annum from May one, 2012, a bank statement said.
The base rate of the bank has also been reduced by 0.25 percent from the existing 10.75 percent to 10.50 percent, per annum with effect from May one, it added.
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