IOB raises Prime lending Rate

Started by fashion, Aug 13, 2008, 11:27 AM

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CHENNAI: Indian Overseas Bank has raised its benchmark prime lending rate (BPLR) by 50 basis points to 14 per cent from 13.50 per cent annully from August 16. The existing housing loans, education loans, fresh housing loans up to Rs. 30 lakh and new education loans are exempted from the present revision in BPLR.


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