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IFCI cuts benchmark lending rate by 75 basis points

The new rate would be effective from January 15

Press Trust of India  |  New Delhi 

IFCI cuts benchmark lending rate by 75 basis points

Term lender on Saturday reduced its benchmark rate by 0.75% point in line with market competition.

The company has reduced benchmark rate to 10.75% from 11.5% with monthly rests, said in a statement.

The new rate would be effective from January 15, it said.

However, the short-term benchmark rate (IBR-ST) has been reduced by 0.25% point from 8.6% to 8.35% with monthly rests for for tenure up to three months only, it added.

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IFCI cuts benchmark lending rate by 75 basis points

The new rate would be effective from January 15

The new rate would be effective from January 15
Term lender on Saturday reduced its benchmark rate by 0.75% point in line with market competition.

The company has reduced benchmark rate to 10.75% from 11.5% with monthly rests, said in a statement.

The new rate would be effective from January 15, it said.

However, the short-term benchmark rate (IBR-ST) has been reduced by 0.25% point from 8.6% to 8.35% with monthly rests for for tenure up to three months only, it added.
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Business Standard
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IFCI cuts benchmark lending rate by 75 basis points

The new rate would be effective from January 15

Term lender on Saturday reduced its benchmark rate by 0.75% point in line with market competition.

The company has reduced benchmark rate to 10.75% from 11.5% with monthly rests, said in a statement.

The new rate would be effective from January 15, it said.

However, the short-term benchmark rate (IBR-ST) has been reduced by 0.25% point from 8.6% to 8.35% with monthly rests for for tenure up to three months only, it added.

image
Business Standard
177 22