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Will cut base rate soon; expect other banks to follow: BoI

A day after the RBI exhorted Indian banks to cut lending rates, a call that was heeded almost immediately by SBI and HDFC Bank (which slashed their base rates by 0.15 percent in the evening), Bank of India CMD VR Iyer said the bank may cut its own base rate soon.

first published: Apr 8, 2015 12:38 pm

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