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Bank of Baroda reduces PLR by 50 basis points
New Delhi, Feb 22 (UNI) After State Bank of India and Canara Bank, Bank of Baroda today said it is reducing its Benchmark Prime Lending Rate (PLR) by 50 basis points to 12.75 per cent from February 27.
The
bank
said
in
a
statement
that
the
move
is
''to
stimulate
the
demand
for
consumer
and
investment
credit
in
a
slowing
economy.'' UNI
PBB
MP
RN2008
Story first published: Friday, February 22, 2008, 20:33 [IST]
