Bank of Baroda cuts BPLR by 75 basis points

Bank of Baroda has decided to reduce its Benchmark Prime Lending Rate (BPLR) by 75 basis points from existing 13.25 per cent pa. to 12.50 per cent pa.

The cut will be effective from January 01, 2009. Shares of the company were trading 2.10 per cent down at Rs 262.90 from the previous close of Rs 268.55.