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    HomeNewsBusinessCompaniesIndian Bank cuts BPLR and base rate by 0.25%

    Indian Bank cuts BPLR and base rate by 0.25%

    Public sector Indian Bank has reduced its benchmark prime lending rate (BPLR) by 0.25% with effect from May one.

    April 30, 2012 / 17:41 IST
       
       
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      Public sector Indian Bank has reduced its benchmark prime lending rate (BPLR) by 0.25% with effect from May one.


      The Chennai-headquartered bank has reduced the BPLR from the existing 15% to 14.75% per annum from May one, 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 one, it added.

      first published: Apr 30, 2012 03:32 pm

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