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IFCI announces change in lending rate

Capital Market 

With effect from 17 October 2016

has reduced its Short term Benchmark Rate (IBR-ST) from 9.30% p.a. to 8.50% p.a. with monthly rests for lending for tenure upto 3 months only w.e.f. 17 October 2016.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 17 2016. 13:23 IST