Andhra Bank reduces BPLR to 13.25 pct

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Posted: Monday, Nov 10, 2008 at 1330 hrs IST
Updated: Monday, Nov 10, 2008 at 1330 hrs IST

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Bank of Maharashtra cuts loan, deposit rates StanChart to hire 3,000 by next year Banking reforms dominate G-20 talks G20 should consider bank tax urgently: UK

Hyderabad, November 10: : State-owned Andhra Bank on Monday reduced its Benchmark Prime Lending Rate (BPLR) by 0.75 per cent to 13.25 per cent with immediate effect.

The rate cut will benefit all PLR-related portfolios including home, education and vehicle loans, a press release issued here stated.

The bank is likely to take a call on its deposit rates in the near term, it said.

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Andhra Bank reduces BPLR to 13.25 pct

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