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
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