IDBI reduces BPLR by 50 bps

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Mumbai, Mar 26 (UNI) State-run Industrial Development Bank of India today announced to reduce its benchmark prime lending rate (BPLR) by 50 basis point.

IDBI has reviewed its BPLR and decided to bring it down at 12.75 per cent from the existing 13.25 per cent per annum with effect from April 1, a bank statement said here today.

UNI PP NM AG1744

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