IOB raises base rate to 10.25%

Chennai: Public sector Indian Overseas Bank has raised its base rate from 10 per cent to 10.25 per cent with effect from Friday.

The city-headquartered company also raised the Bench Mark Prime Lending rate from 14.25 per cent to 14.50 per cent with effect from July one, 2011, a bank statement here said.

Source: Financial Express