Chennai, April 4:
Chennai-headquartered Indian Overseas Bank (IOB) has cut its base rate (BR) by 20 bps effective April 1.
The new Base Rate is 9.50 per cent. The existing loans linked to Base Rate will be priced at the revised rate with effect from April 1, 2017, according to an announcement of the public sector bank.
(This article was published on April 4, 2017)
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