Tag «base rate»

IDBI Bank reduces Base Rate

Mumbai, July 28, 2016: IDBI Bank reduces its Base Rate from 9.75% p.a. to 9.65% p.a. The Benchmark Prime Lending Rate (BPLR) is also reduced from 14.25% p.a. to 14.15% p.a. The revision in the rates shall be effective from August 01, 2016. The Bank has recently reduced its Marginal Cost of Funds based Lending …

Lakshmi Vilas Bank revises base rate by 15 basis points

Chennai, February 10, 2016 Lakshmi Vilas Bank, one of India’s fast growing banks, announced reduction in the base rate from the earlier rate of 10.70% p.a. to 10.55% p.a. The revised rate is effective from February 8, 2016. Base rate is the benchmark rate to which all lending rates are linked. The said reduction is …

IDBI Bank loans, linked to Base Rate will become cheaper

  Mumbai, 30 September, 2015: IDBI Bank’s loans, linked to Base Rate will become cheaper following a 25 bps reduction in its Base Rate to 9.75% p.a. with effect from October 05, 2015. IDBI Bank has taken this pro-active step, keeping in view the recent policy measures announced by the RBI. The reduction in interest …

ICICI Bank cuts base rate by 25 bps to 9.75%

Reduction in Base Rate   ICICI Bank has announced a reduction of 0.25% in the ICICI Bank Base Rate (“I-Base”) with effect from April 10, 2015. The revised rate will be 9.75% p.a. as against 10.00% p.a. at present. With effect from July 1, 2010, interest rates on new loans and advances, including consumer loans, …