Andhra Bank reduces BPLR to 13.25 pct

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Posted: 2008-11-10 13:30:01+05:30 IST
Updated: Nov 10, 2008 at 1330 hrs IST

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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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