Central Bank cuts PLR by 75 basis points

Mumbai, Nov 6 (UNI) Central Bank of India has reduced Benchmark Prime Lending Rate (BPLR) by 75 basis points from 14 per cent to 13.25 per cent from November 10.

In view of the change in the BPLR of the Bank, the interest rate on retail loans linked to BPLR stands reduced to the same extent in same period, said a release issued by the Bank.

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