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Thursday, May 21, 2015

Vijaya Bank reduces base rate by 25 bps

Vijaya Bank will revise its base rate with effect from June 1.

The bank in a release said it has reduced base rate by 25 basis points to 10 per cent per annum.

The revised rates will be applicable to housing loans also.

Due to reduction in rates, equated monthly instalments related to retail loans including housing loans shall come down proportionately.

Source : Thehindubusinessline


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