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Tuesday, September 29, 2015

Andhra Bank cuts base rate by 25 bps to 9.75%

Andhra Bank has reduced its base rate by 25 basis points to 9.75 per cent with immediate effect.

A press release in this regard was issued here on Tuesday. Andhra Bank was the first to announce an interest rate cut after the Reserve Bank of India announced a 50 bps cut in the repo rate in its policy review today. 

Source : Thehindubusinessline


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