Indian Bank revises Benchmark Prime Lending Rate by 0.5 per cent

CHENNAI: Public sector Indian Bank has revised the Benchmark Prime Lending Rate (BPLR) and Base Rate with immediate effect.

The Chennai-headquartered bank has revised the BPLR by 0.50 per cent from the present 14.50 per cent to 15 per cent per annum, a bank statement said.

The Base Rate is revised by 0.50 per cent from the present 10.25 per cent to 10.75 per cent per annum with immediate effect, it added.

Source: EconomicTimes