IDBI Bank reduces Base Rate
Mumbai, July 28, 2016: IDBI Bank reduces its Base Rate from 9.75% p.a. to 9.65% p.a. The Benchmark Prime Lending Rate (BPLR) is also reduced from 14.25% p.a. to 14.15% p.a. The revision in the rates shall be effective from August 01, 2016. The Bank has recently reduced its Marginal Cost of Funds based Lending …