IDBI Bank revises Base Rate, BPLR and Interest Rates on Deposits
Keeping in view the measures announced by RBI, inflation and liquidity scenario, the Bank has decided to increase the retail term deposit rates by 25-150 basis points (bps) in different maturity buckets.
- (1888PressRelease) July 30, 2011 - The revised interest rates, base rate and BPLR are effective from 1 August 2011
IDBI Bank reviewed the interest rates on retail term deposits and keeping in view the measures announced by RBI, inflation and liquidity scenario, the Bank has decided to increase the retail term deposit rates by 25-150 basis points (bps) in different maturity buckets. The revised interest rates are effective from 1 August 2011. The additional interest rate for senior citizens is 50-75 bps above the normal interest.
IDBI Bank has also decided to increase its base rate and BPLR (benchmark prime lending rate) by 75 bps each to 10.75 % and 15.25 % respectively. The revised base rate and BPLR will be effective from 1 August 2011.
On Friday, IDBI Bank ended 0.96% down at Rs128.65 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.07% to 18,197.20.
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