IDBI Bank cuts PLR by 0.75 per cent | india | Hindustan Times
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IDBI Bank cuts PLR by 0.75 per cent

IDBI Bank has reduced its benchmark prime lending rate (BPLR) by 0.75 per cent to 13.50 per cent.

india Updated: Nov 07, 2008 19:56 IST

IDBI Bank has reduced its benchmark prime lending rate (BPLR) by 0.75 per cent to 13.50 per cent.

The change takes effect from November 8, a press release issued in Mumbai on Friday stated.

The reduction would be applicable to housing loan and education loan also, the bank said.