L&T Infra lowers its PLR by 0.50 pc

Mumbai, Dec 3: L&T Infra has decided to cut its Prime Lending Rate (PLR) by another 0.50 per cent i.e., from 14 per cent to 13.50 percent per annum.

This shall be applicable in respect of both existing loans and new disbursals, in accordance with relevant clause pertaining to L&T Infra PLR-linked interest rates.

In keeping with its pro-active market responsive approach, L&T Infra would continue to periodically review the monetary conditions and suitably revise its PLR.

Earlier in 2009, in response to monetary easing measures taken by the RBI, L&T Infra had reduced its PLR from 15 pc to 14 pc.

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