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  1. #1
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    Dec 2009


    Default IDBI Bank cuts rates

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    IDBI Bank, on Wednesday, announced a cut in its lending and deposit rates, following the announcement of the Reserve Bank of India (RBI) on Tuesday reducing the repo rate by 50 basis points.

    “***** linked to Base Rate/BPLR, will become cheaper following a 25 basis points (bps) reduction in Base Rate (to 10.50 per cent) and BPLR (to 15 per cent), with effect from April 20,” said IDBI Bank in a release.

    “The bank has also decided to reduce the Retail Term Deposit Rates by 10-50 bps in various buckets having maturity of six months and above,” it added.
    ...being a human...

  2. #2


    ohhh thts good for us



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