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Public sector lender Andhra Bank announced an increase of 0.25 per cent (25 basis points) in its base rate effective from Monday next week.
The base rate has been increased to 10.25 per cent from 10 per cent, while BPLR has been raised to 14.50 per cent from 14.25 per cent, the bank said in a filing to the BSE.
Both the revised rates will come to effect from Monday, August 19, it said.
Earlier, Yes Bank and HDFC Bank have increased their base rates after the status quo monetary policy review of RBI last month.
The hike in base rate or the minimum lending rate will make auto, corporate and other loans costlier for the consumers.
Source: thehindubusinessline
The base rate has been increased to 10.25 per cent from 10 per cent, while BPLR has been raised to 14.50 per cent from 14.25 per cent, the bank said in a filing to the BSE.
Both the revised rates will come to effect from Monday, August 19, it said.
Earlier, Yes Bank and HDFC Bank have increased their base rates after the status quo monetary policy review of RBI last month.
The hike in base rate or the minimum lending rate will make auto, corporate and other loans costlier for the consumers.
Source: thehindubusinessline
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