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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
