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IOB raises base rate to 10.25%

IOB raises base rate to 10.25%

Public sector Indian Overseas Bank has raised its base rate from 10 per cent to 10.25 per cent with effect from Friday.

PTI
  • Chennai,
  • Updated Jun 30, 2011 8:06 PM IST
IOB raises base rate to 10.25%

Public sector Indian Overseas Bank has raised its base rate from 10 per cent to10.25 per cent with effect from Friday.

The city-headquarteredcompany also raised the bench mark prime lending rate from 14.25 per cent to14.50 per cent with effect from July 1, 2011, a bank statement said here.

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Published on: Jun 30, 2011 8:06 PM IST
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