Tag «15 basis points»

Lakshmi Vilas Bank revises base rate by 15 basis points

Chennai, February 10, 2016 Lakshmi Vilas Bank, one of India’s fast growing banks, announced reduction in the base rate from the earlier rate of 10.70% p.a. to 10.55% p.a. The revised rate is effective from February 8, 2016. Base rate is the benchmark rate to which all lending rates are linked. The said reduction is …