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IFCI reduces IFCI Benchmark Rate

Last Updated : Jan 16 2017 | 12:01 AM IST

With effect from 15 January 2017

IFCI has reduced its Benchmark Rate 'IFCI Benchmark Rate (IBR)' from 11.50% p.a. to 10.75% p.a. with monthly rests. This new IBR will be applicable from 15 January 2017.

IFCI has change its Short Term Benchmark Rate (IBR-ST) from 8.60%p.a. to 8.35% p.a. with monthly rests for lending for tenure up to 3 months only with effect from 15 January 2017.

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