Indian Bank raises lending rate
Posted on: 02/Apr/2014 10:40:58 AM
Indian Bank has hiked the Base Rate or the minimum lending rate by 0.05 percentage point.
The bank has reviewed the Base Rate and decided to increase its Base Rate by 0.05 percentage point from the existing 10.20 per cent to 10.25 per cent per annum, with effect from April 1, the bank said in a statement.
All new loans would become costlier by 0.05 percentage point with the increase in the Base Rate.
The bank has reviewed the Base Rate and decided to increase its Base Rate by 0.05 percentage point from the existing 10.20 per cent to 10.25 per cent per annum, with effect from April 1, the bank said in a statement.
All new loans would become costlier by 0.05 percentage point with the increase in the Base Rate.
