IDBI Bank announces 0.75 per cent reduction in BPLR

Mumbai, Nov 7 (UNI) Keeping in tune with the cut in Benchmark Prime lending rates by other Banks, IDBI Bank today announced a 0.75 per cent reduction in its BPLR, effective from tomorrow.

The revised rate, keeping in view the current interest regime, would be 13.5 per cent, the Bank said in a release.

The reduction of 75 bps would be applicable to housing and education loans also (instead of 50 bps announced earlier), the Bank said.

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