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    HomeNewsBusinessCompaniesIFCI cuts benchmark lending rate by 75 basis points

    IFCI cuts benchmark lending rate by 75 basis points

    The company has reduced benchmark lending rate from 11.50 percent to 10.75 percent with monthly rests, IFCI said in a statement.

    January 14, 2017 / 18:02 IST
       
       
      26 Aug, 2025 12:21
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      Term finance lender IFCI today reduced its benchmark lending rate by 0.75 percentage point in line with market competition.

      The company has reduced benchmark lending rate from 11.50 percent to 10.75 percent with monthly rests, IFCI said in a statement.

      The new rate would be effective from January 15, it said.

      However, the short-term benchmark rate (IBR-ST) has been reduced by 0.25 percentage point from 8.60 per cent to 8.35 per cent with monthly rests for lending for tenure up to three months only, it added.

      first published: Jan 14, 2017 05:46 pm

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