| Base rate to replace BPLR | 01-OCT-09 |
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| The Reserve Bank of India (RBI) committee on reviewing the benchmark prime lending rate (BPLR) has recommended that the nomenclature be scrapped and a new benchmark rate — known as base rate — should replace it. |
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| RBI not in favour of multiple BPLRs | 17-SEP-09 |
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| The Reserve Bank of India (RBI) is not in favour of a multiple benchmark prime lending rate (BPLR) mechanism as proposed by bankers. |
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| RBI panel on BPLR to meet today | 16-SEP-09 |
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| The Reserve Bank of India's (RBI's) panel on revamping the existing benchmark prime lending rate (BPLR) will meet tomorrow for further deliberation with bankers. |
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| Canara Bank cuts home loan rates | 11-SEP-09 |
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| As part of the festival offer, Bangalore-based public sector lender, Canara Bank, has reduced the rate of interest on all fresh home loans from September 10. The rates have been cut 0.25 per cent. |
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| IDBI Bank lowers PLR to 12.75% | 25-JUN-09 |
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| Keeping in the view of the current interest rate environment, IDBI Bank has reduced its benchmark prime lending rate (PLR) by 25 basis points. The PLR of IDBI Bank now stands at 12.75 per cent. |
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| SBI cuts BPLR by 50 basis pts | 25-JUN-09 |
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| State Bank of India (SBI), the country’s largest lender, today announced a 50 basis point cut in its benchmark prime lending rate (BPLR) to 11.75 per cent. |
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| SBI cuts BPLR by 50 bps to 11.75% | 24-JUN-09 |
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| State Bank of India, the country’s largest lender, today announced a 50 basis point reduction in its benchmark prime lending rate (BPLR) to 11.75 per cent. |
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| Union Bank lowers BPLR by 25 bps | 23-JUN-09 |
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| Union Bank of India today announced a 25-basis-point reduction in its benchmark prime lending rate (BPLR), while United Bank of India would decide on a rate cut next week. Union Bank’s new BPLR of 11.75 per cent would be effective from July 1. The bank has left deposit rates unchanged. |
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| UCO Bank may cut PLR by 50 bps | 20-JUN-09 |
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| The Asset-Liability Committee of UCO Bank has proposed a 50 basis points (bps) reduction in its benchmark prime lending rate (BPLR) with effect from June 27, subject to its ratification by the board of directors. |
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