Dena Bank cuts PLR by 75 bps

Dena Bank cuts PLR by 75 bps

BS Reporter / Mumbai December 29, 2008, 17:19 IST

Another public sector lender, Dena Bank reduced its benchmark prime lending (PLR) rate by 75 basis points from 13.50 per cent to 12.75 per cent.

The reduction will be effective from January 01, 2009, bank said in a filing to the Bombay Stock Exchange.