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.

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

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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.