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Thread: IDBI Bank cuts rates
04-19-2012, 10:06 AM #1
IDBI Bank cuts ratesIDBI 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...
04-19-2012, 12:28 PM #2