India's private banks lower lending rates

Mumbai, Apr 3: Keeping in view the repeated monetary measure introduced by the Reserve Bank of India's private sector banks are lowering their benchmark rates.

India's third-largest private sector lender and Bank of Rajasthan, an old generation lender on Friday, Apr 3 announced reduction in lending rates. Bank of Rajasthan slashed its Prime Lending Rate (PLR) by 0.25 pc to 9.75 pc, while Axis Bank reduced its PLR by 0.5 per cent to 15.25 per cent.

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