"The benchmark rate up to one year reduced from 9.40 per cent to 9.30 per cent with monthly rests," IFCI said in a statement.
The new rate will be effective from August 11, it said.
IFCI had last week posted a loss of Rs 110.2 crore for the first quarter ended June 30, on account of three-fold jump in provisioning for bad loans.
During the period provisioning of the company saw a three-fold jump to Rs 387.09 crore as against Rs 129.88 crore in the same period a year ago.
However, the country's oldest financial institution had an operational profit of Rs 173.89 crore compared with Rs 250.49 crore in the same period a year ago.
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