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Feb 01, 2013, 07.24 PM IST | Source: Moneycontrol.com

Bank of Baroda reduces BPLR & base rate

Bank of Baroda has realigned its Deposit Rates in the band of 15 to 20 bps in the shorter maturities and reduced its Base Rate and BPLR by 25 bps each with effect from February 09, 2013. With this, the Bank�s Base rate will be at 10.25% and BPLR at 14.50% with effect from February 09, 2013.

Bank of Baroda has informed BSE that in response to the RBI’s move to reduce the key policy (Repo) rate by 25 bps and the Cash Reserve Ratio by 25 bps in its Third Quarterly Review of Monetary Policy unveiled on January 29, 2013 the Bank has realigned its Deposit Rates in the band of 15 to 20 bps in the shorter maturities and reduced its Base Rate and BPLR by 25 bps each with effect from February 09, 2013.With this, the Bank’s Base rate will be at 10.25% and BPLR at 14.50% with effect from February 09, 2013.Source : BSE

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